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dc.contributor.authorEurofound
dc.date.accessioned2020-12-02T22:22:56Z
dc.date.available2020-12-02T22:22:56Z
dc.date.issued2015-01-01
dc.identifier.other7858211
dc.identifier.urihttps://hdl.handle.net/1813/87502
dc.description.abstract[Excerpt] As in all market economies, wage bargaining in the European Union Member States is fundamental to enabling labour as a factor of production to obtain its fair share of the production output (and thereby participate in prosperity) and to securing a high level of employment in the economy (thereby supporting aggregate demand and contributing to social inclusion). In the EU, around two-thirds of workers are covered by some form of collective agreement, which demonstrates the importance of wage bargaining to macroeconomic outcomes in the European social model. 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.
dc.language.isoen_US
dc.subjectEurope
dc.subjectwage bargaining
dc.subjectpay outcomes
dc.subjectemployment
dc.subjectproductivity
dc.titlePay in Europe in Different Wage-Bargaining Regimes
dc.typearticle
dc.description.legacydownloadsEF_Pay_in_Europe_in_different_wage_bargaining_regimes.pdf: 166 downloads, before Oct. 1, 2020.
local.authorAffiliationEurofound: True


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