| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w28695
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| 来源ID | Working Paper 28695
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| Wage Flexibility Under Sectoral Bargaining |
| David Card; Ana Rute Cardoso
|
| 发表日期 | 2021-04-19
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| 出版年 | 2021
|
| 语种 | 英语
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| 摘要 | Sectoral contracts in many European countries set wage floors for different occupation groups. In addition, employers often pay a wage premium (or wage cushion) to individual workers. We use administrative data from Portugal, linked to collective bargaining agreements, to study the interactions between wage floors and wage cushions and quantify the impact of sectoral wage floors. Although wages exhibit a “spike” at the wage floor, a typical worker receives a 20% premium over the floor, with larger cushions for older and better-educated workers and at higher-productivity firms. Cushions also allow wages to covary with firm-specific productivity, even within sectoral agreements. Contract negotiations tend to raise all wage floors proportionally, with increases that reflect average productivity growth among covered firms. As floors rise, however, cushions are compressed, leading to an average passthrough rate of only about 50%. We find no evidence of employment responses to floor increases. Finally, we use a series of counterfactual simulations to show that real wage reductions during the recent financial crisis arose through reductions in real wage floors, reductions in real cushions, and a re-allocation of workers to lower wage floors. Offsetting these effects was a rapid rise in education of new cohorts, which in the absence of other factors would have led to rising real wages. |
| 主题 | Labor Economics
; Labor Compensation
; Labor Market Structures
; Labor Relations
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| URL | https://www.nber.org/papers/w28695
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586367
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推荐引用方式
GB/T 7714 |
David Card,Ana Rute Cardoso. Wage Flexibility Under Sectoral Bargaining. 2021.
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文件名：
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w28695.pdf
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格式：
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Adobe PDF
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