IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Centralisation of Wage Bargaining and Macroeconomic Performance: A Survey

Listed author(s):
  • Lars Calmfors
Registered author(s):

    Starting from the theoretical argument underlying the “hump shape” hypothesis, the paper investigates the various dimensions of centralisation in the wage formation process. The diversity of effects discussed in the paper makes it harder to arrive at unambiguous policy conclusions. Careful analysis of the various features and economy-wide direct as well as indirect effect of the degree of centralisation in the wage formation process suggests that there exists various trade-offs, the most important of which appears to be that between real wage restraint and relative wage flexibility: centralisation favours the former but reduces the latter. This suggests that its effect on macroeconomic performance depends on the type of shocks affecting the economy ... Cette tude analyse les divers aspects de la centralisation dans le processus de formation des salaires en s'appuyant sur l'hypothse thorique de "courbe en U inverse". La diversit des effets analyss rend ambigu les conclusions politiques qui peuvent tre tires de ce papier. Une tude minutieuse des divers aspects de la centralisation et de leurs effets tant directs qu'indirects, sur le processus de formation des salaires suggre qu'il existe diffrent choix d'objectifs, le plus important semble tre entre la contrainte de salaire rel et la flexibilit du salaire relatif : la centralisation favorise le premier et affaiblit le second. Ceci suggre que l'impact sur la performance macro-conomique dpend du type de choc affectant l'conomie ...

    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.

    File URL:
    Download Restriction: no

    Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 131.

    in new window

    Date of creation: 01 Apr 1993
    Handle: RePEc:oec:ecoaaa:131-en
    Contact details of provider: Postal:
    2 rue Andre Pascal, 75775 Paris Cedex 16

    Phone: 33-(0)-1-45 24 82 00
    Fax: 33-(0)-1-45 24 85 00
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:131-en. 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: ()

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.