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The Centralization of Wage Bargaining Revisited: What Have we Learnt? *
Author(s) -
DRIFFILL JOHN
Publication year - 2006
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/j.1468-5965.2006.00660.x
Subject(s) - scrutiny , collective bargaining , wage bargaining , economics , unemployment , wage , labour economics , work (physics) , wage growth , macroeconomics , political science , law , mechanical engineering , engineering
The original article with Lars Calmfors predicted that highly coordinated or centralized bargaining would lead to wage restraint and low unemployment. Despite shortcomings, this prediction has survived scrutiny. Recent work suggests that collective bargaining should be seen as part of broader research on institutions and macroeconomic performance in growth.