Zur ökonomischen Rationalität von Lohnrigiditäten aus der Sicht von Unternehmen / The Rationale for Wage Rigidity: Employers' Viewpoint
This study provides evidence for the reasons of wage rigidity, among others collective wage agreements, efficiency wages, implicit contracts and the insider-outsider theory, based on a survey of 801 firms conducted in spring 2000. According to survey respondents the mechanisms creating wage rigidity differ between skill groups. In total strong support has been found for explanations based on collective wage agreements and on efficiency wages. Survey respondents indicated that collective wage agreements and implicit contracts are important reasons for wage rigidities for the (low) skilled. Specific human capital, turnover costs and negative signals for new hires are important reasons for the high skilled. Explanations based on mechanism to enhance labour productivity are significant for all skill groups to the same degree. Firms who are covered by collective wage agreements seldom make use of hardship clauses which have been introduced into collective wage agreements to enhance flexibility since the nineteenth. One reason seem to be efficiency wages which are responsible for wage rigidities in addition to collective wage agreements. Compared to findings from the USA, in Germany collective wage agreements, insider- outsider-mechanism and firm specific human capital seem to be more important explanations.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 223 (2003)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.degruyter.com|
|Order Information:||Web: http://www.degruyter.com/view/j/jbnst|
When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:223:y:2003:i:1:p:23-57. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If references are entirely missing, you can add them using this form.