Economics, Econometrics and Finance
4 years ago

Centralized wage bargaining leads to lower unemployment rates and economic growth.

RePEc: Research Papers in Economics
Growth Externalities, Unions, and Long-term Wage Accords
Martin Zagler

Paper Summary

The way companies and unions negotiate wages can affect how well the economy does. When bargaining is done centrally, with everyone involved, it can lead to lower unemployment rates even as the economy grows.

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