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Wage Interdependence through Decentralized Bargaining

Listed author(s):
  • de la Croix, David

The idea that sector-specific unions are influenced by the wages obtained by other unions has mainly been used to support the empirical observation that wages are highly correlated among industries. The sources of wage interdependence can mainly be found in unions' preferences, in the nature of technology and in price and demand determination. The presence of externalities and of strategic complementarity among unions leads to suboptimal equilibria, which generates non-desired inflation, unemployment and possibly also trade balance deficit. This enforces the idea that part of current unemployment can be eliminated by improving the cooperation between social actors. Copyright 1994 by Blackwell Publishers Ltd

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Article provided by Wiley Blackwell in its journal Journal of Economic Surveys.

Volume (Year): 8 (1994)
Issue (Month): 4 (December)
Pages: 371-403

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Handle: RePEc:bla:jecsur:v:8:y:1994:i:4:p:371-403
Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804

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  1. Hans Jørgen Jacobsen & Christian Schultz, 1987. "A General Equilibrium Macro Model with Wage Bargaining," Discussion Papers 87-05, University of Copenhagen. Department of Economics.
  2. Barth, Erling, 1991. "Disagreement Points in Wage Bargaining," Institute for Research on Labor and Employment, Working Paper Series qt2m9228d4, Institute of Industrial Relations, UC Berkeley.
  3. Arnsperger, Christian & de la Croix, David, 1993. "Bargaining and equilibrium unemployment : Narrowing the gap between New Keynesian and 'disequilibrium' theories," European Journal of Political Economy, Elsevier, vol. 9(2), pages 163-190, May.
  4. George A. Akerlof, 1969. "Relative Wages and the Rate of Inflation," The Quarterly Journal of Economics, Oxford University Press, vol. 83(3), pages 353-374.
  5. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
  6. Robert J. Flanagan, 1976. "Wage Interdependence in Unionized Labor Markets," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(3), pages 635-682.
  7. Clark, Andrew E. & Oswald, Andrew J., 1994. "Satisfaction and comparison income," CEPREMAP Working Papers (Couverture Orange) 9408, CEPREMAP.
  8. Ken Binmore & Ariel Rubinstein & Asher Wolinsky, 1986. "The Nash Bargaining Solution in Economic Modelling," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 176-188, Summer.
  9. McDonald, Ian M & Solow, Robert M, 1981. "Wage Bargaining and Employment," American Economic Review, American Economic Association, vol. 71(5), pages 896-908, December.
  10. Andersen, Torben M. & Christensen, Michael, 1989. "Relative wages and employment fluctuations," Journal of Macroeconomics, Elsevier, vol. 11(4), pages 477-492.
  11. Hubert Kempf, 1990. "Externalités et contrats salariaux," Économie et Prévision, Programme National Persée, vol. 92(1), pages 51-60.
  12. SNEESSENS, Henri R. & SHADMAN-MEHTA, Fatemeh, 1994. "Real Wages, Skill Mismatch and Unemployment Persistence," CORE Discussion Papers 1994050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  13. Nymoen, R, 1991. "A Small Linear Model of Wage- and Price-Inflation in the Norwegian Economy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 6(3), pages 255-269, July-Sept.
  14. de la Croix, David, 1992. "Wage Interdependence and Competitiveness," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1993002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  15. Fethke, Gary & Policano, Andrew, 1984. "Wage contingencies, the pattern of negotiation and aggregate implications of alternative contract structures," Journal of Monetary Economics, Elsevier, vol. 14(2), pages 151-170, September.
  16. Oswald, Andrew J, 1985. " The Economic Theory of Trade Unions: An Introductory Survey," Scandinavian Journal of Economics, Wiley Blackwell, vol. 87(2), pages 160-193.
  17. Jackman, Richard, 1985. " Counterinflationary Policy in a Unionised Economy with Nonsynchronised Wage Setting," Scandinavian Journal of Economics, Wiley Blackwell, vol. 87(2), pages 357-378.
  18. Oswald, Andrew J, 1979. "Wage Determination in an Economy with Many Trade Unions," Oxford Economic Papers, Oxford University Press, vol. 31(3), pages 369-385, November.
  19. Bhaskar, V, 1990. "Wage Relativities and the Natural Range of Unemployment," Economic Journal, Royal Economic Society, vol. 100(400), pages 60-66, Supplemen.
  20. Jocobson, T. & Ohlsson, H., 1991. "Cointegrating Sectoral Wages in Sweden - a Maximum Likelihood Approach," Papers 1991t, Uppsala - Working Paper Series.
  21. Dixon, Huw David, 1988. "Unions, Oligopoly and the Natural Range of Employment," Economic Journal, Royal Economic Society, vol. 98(393), pages 1127-1147, December.
  22. Pierre Cahuc, 1990. "La théorie des négociations salariales : une revue de la littérature," Économie et Prévision, Programme National Persée, vol. 92(1), pages 21-30.
  23. Russell Cooper & Andrew John, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, Oxford University Press, vol. 103(3), pages 441-463.
  24. Gylfason, Thorvaldur & Lindbeck, Assar, 1984. "Union Rivalry and Wages: An Oligopolistic Approach," Economica, London School of Economics and Political Science, vol. 51(202), pages 129-139, May.
  25. Holmlund, B. & Ohlsson, H., 1990. "Wage Linkages Between Private and Public Sectors," Papers 1990t, Uppsala - Working Paper Series.
  26. Nickell, Stephen & Wadhwani, Sushil, 1988. "Unions, wages and employment : Tests based on U.K. firm-level data," European Economic Review, Elsevier, vol. 32(2-3), pages 727-733, March.
  27. repec:adr:anecst:y:1993:i:32:p:02 is not listed on IDEAS
  28. Mehra, Y P, 1976. "Spillovers in Wage Determination in U.S. Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 58(3), pages 300-312, August.
  29. Yellen, Janet L, 1984. "Efficiency Wage Models of Unemployment," American Economic Review, American Economic Association, vol. 74(2), pages 200-205, May.
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