A Model of Wage Bargaining
An equation for earnings is derived from the assumption that wage increases are determined in a process of negotiation bet ween union and firm. The union is taken to be concerned about real wa ge, the firm about its real profit. The goods market is perfectly com petitive. The empirical work supported the hypothesis. The data sugge sted that employees' concerns have more influence on the outcome than employers'. The levels of profits and the real wage both played a ro le in explaining wage increases. The change in unemployment was found relevant to the outcome as well as the level. Copyright 1987 by Blackwell Publishing Ltd
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 49 (1987)
Issue (Month): 4 (November)
|Contact details of provider:|| Postal: Manor Rd. Building, Oxford, OX1 3UQ|
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0305-9049
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0305-9049|