Chapter

Bargaining Structure and Macroeconomic Performance

Tito Boeri, Agar Brugiavini, Lars Calmfors, Alison Booth, Michael Burda, Daniele Checchi, Bernhard Ebbinghaus, Richard Freeman, Pietro Garibaldi, Bertil Holmlund, Robin Naylor, Martin Schludi, Thierry Verdier and Jelle Visser

in The Role of Unions in the Twenty-first Century

Published in print August 2001 | ISBN: 9780199246588
Published online November 2003 | e-ISBN: 9780191596001 | DOI: http://dx.doi.org/10.1093/0199246580.003.0005
 Bargaining Structure and Macroeconomic Performance

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The macroeconomics effects of various degrees of coordination in wage bargaining are analysed with a special focus on aggregate wage and unemployment levels. The extent of bargaining coordination may affect wage setting both directly and indirectly because it interacts with other factors, such as economic policy and macroeconomic shocks. The last section discusses how the EMU is likely to affect wage bargaining changing and wage setting.

Keywords: aggregate wage; bargaining coordination; economic policy; EMU; macroeconomic shocks; macroeconomics effects; unemployment

Chapter.  12633 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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