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International Product Market Integration and Wage Bargaining

In: Collective Bargaining and Wage Formation

Author

Listed:
  • Torben M. Andersen

    (University of Aarhus, Denmark CEPR, IZA and EPRU)

Abstract

The consequences of further international product market integration for wage bargaining are discussed. It is argued that current changes in international interactions pose new challenges for wage formation. In particular, the scope for appropriating rents may be affected, and it may become more difficult or costly to maintain centralized wage bargaining arrangements with solidaristic elements. At the same time, the demand for insurance mechanisms may increase, which is a particular challenge for the Nordic countries.

Suggested Citation

  • Torben M. Andersen, 2005. "International Product Market Integration and Wage Bargaining," Springer Books, in: Hannu Piekkola & Kenneth Snellman (ed.), Collective Bargaining and Wage Formation, pages 9-34, Springer.
    • Handle: RePEc:spr:sprchp:978-3-7908-1598-6_2
    DOI: 10.1007/3-7908-1598-5_2
    as

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