RT Generic
T1 The rise and fall of centralized wage bargaining
A1 Ortigueira, Salvador
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB During the three decades spanning the early 50’s to the early 80’s, the wagesetting process in most Northern European countries was dominated by centralized bargaining, where peak level labor and employer associations set wages nationwide. In the early 80’s centralized wage bargaining began to collapse. In this paper we assess a novel explanation both for the initial establishment of a centralized wagesetting process, and for its subsequent collapse. According to our theory, centralized wage bargaining was set up as a response to the spillovers created by the unemployment benefit program. Its collapse was the result of the increase in the productivity gap across workers, brought about by equipment-specific technological progress and equipment-skill complementarity
SN 2340-5031
YR 2011
FD 2011-08-29
LK https://hdl.handle.net/10016/12264
UL https://hdl.handle.net/10016/12264
LA eng
DS e-Archivo
RD 3 may. 2024