Wage Centralization, Union Bargaining, and Macroeconomic Performance

Wage Centralization, Union Bargaining, and Macroeconomic Performance
This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that centralized wage setting may offer worse outcomes, despite... READ MORE...

Publication date: August 2002
ISBN 9781451856354
$15.00

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