Pay in Europe in different wage-bargaining regimes

Report
Yayında
11 Eylül 2015
pdf
Biçimler
Executive summary in 22 languages
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Özet

National wage-bargaining institutions are crucial in achieving pay outcomes that help to increase employment and economic growth within the context of avoiding macroeconomic imbalances within the European Monetary Union. Using a large set of empirical macroeconomic data from a variety of sources,Read more

National wage-bargaining institutions are crucial in achieving pay outcomes that help to increase employment and economic growth within the context of avoiding macroeconomic imbalances within the European Monetary Union. Using a large set of empirical macroeconomic data from a variety of sources, including Eurofound and the European Commission AMECO database, this report analyses how the institutional features of national wage bargaining regimes influence pay outcomes. These features include bargaining level, type and level of coordination, use of opening clauses and the existence of wage pacts. The impact of government intervention through extension and derogation clauses and tripartite councils is also examined. The results of the study indicate that the key institutional variables of the wage-bargaining regime that influence pay outcomes are the type of coordination (how coordination is achieved) and the bargaining level. 

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Biçimler

  • Report

    Number of pages: 
    108
    Reference no.: 
    EF1533
    ISBN: 
    978-92-897-1391-7
    Catalogue no.: 
    TJ-04-15-471-EN-N
    DOI: 
    10.2806/565998
    Catalogue info

    Pay in Europe in different wage-bargaining regimes

    National wage-bargaining institutions are crucial in achieving pay outcomes that help to increase employment and economic growth within the context of avoiding macroeconomic imbalances within the European Monetary Union. Using a large set of empirical macroeconomic data from a variety of sources, including Eurofound and the European Commission AMECO database, this report analyses how the institutional features of national wage bargaining regimes influence pay outcomes.

    Biçimler

  • Executive summary

    Reference no.: 
    EF15331
    Catalogue info

    Pay in Europe in different wage-bargaining regimes

    Author(s): 
    Eurofound

    This report provides a quantitative analysis of how the features of national wage-bargaining regimes affect pay outcomes. The analysis builds on the theoretical propositions that both highly centralised and highly decentralised regimes align wages and productivity, ensuring a high level of employment, and that a high degree of coordination of wage bargaining can moderate wage increases, leading to macroeconomic stability. 

    Available for download in 22 languages

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