The centralization of wage bargaining revisited: What have we learnt?

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Series Details Vol.44, No.4, November 2006, p731-756
Publication Date November 2006
ISSN 0021-9886
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Abstract:

The original article with Lars Calmfors predicted that highly coordinated or centralized bargaining would lead to wage restraint and low unemployment. Despite shortcomings, this prediction has survived scrutiny. Recent work suggests that collective bargaining should be seen as part of broader research on institutions and macroeconomic performance in growth.

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