Wage-Moderating Effects of Corporatism: Decentralized versus Centralized Wage Setting in a Union, Firm, Government Context
Corporatism is often claimed to exert a moderating influence on the real wage gap, the difference between the actual wage rate and the full employment wage rate. Corporatist countries should, therefore, show a lesser degree of unemployment. This paper explores and models one of the reasons why these results might be observed. An important reason for wage moderation could be the endogeneity of the wage tax rate for a centralized or encompassing trade union. Copyright 1993 by Blackwell Publishers Ltd and The Victoria University of Manchester
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Volume (Year): 61 (1993)
Issue (Month): 3 (September)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Calmfors, Lars & Horn, Henrik, 1986. "Employment Policies and Centralized Wage-Setting," Economica, London School of Economics and Political Science, vol. 53(211), pages 281-302, August.
- Oswald, Andrew J, 1982. "The Microeconomic Theory of the Trade Union," Economic Journal, Royal Economic Society, vol. 92(367), pages 576-595, September. Full references (including those not matched with items on IDEAS)
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