Collective Bargaining and Wage Formation: Performance and Challenges

✍ Scribed by Hannu Piekkola, Kenneth Snellman (auth.), Hannu Piekkola Ph.D., Kenneth Snellman Ph.D. (eds.)

• Publisher: Physica-Verlag Heidelberg
• Year: 2005
• Tongue: English
• Leaves: 190
• Edition: 1
• Category: Library

✦ Synopsis

This volume considers the development of the wage formation and wage bargaining institutions as a response to changes in the bargaining environment. These changes include a lower level of inflation and the growth in intraindustrial trade as firms have become more specialised. The response to these changes will depend on the current institutions and on the characteristics of the bargaining system. Generally there has been some move towards decentralisation; the question is what should be bargained centrally and which issues should be transferred to lower levels. Some of the contributions pay special attention to Nordic regimes using survey results gathered from the Finnish labour market partners.

✦ Table of Contents

Introduction and Summary....Pages 1-8
International Product Market Integration and Wage Bargaining....Pages 9-34
Comment on Torben M. Andersen's Paper....Pages 35-37
Wage Formation under Low Inflation....Pages 39-57
Comment on Steinar Holden's Paper....Pages 59-60
The Finnish Bargaining System: Actors' Perceptions....Pages 61-84
Productivity, Incentives and Relative Wages....Pages 85-101
Local Bargaining and Employers' Co-operation Options....Pages 103-119
Do Centralized Bargains Lead to Wage Moderation? Time-Series Evidence from Finland....Pages 121-132
Finnish Wage Bargaining — Actual Behaviour and Preferences....Pages 133-151
Is the Labour Share Too Low in Finland?....Pages 153-168
Bargaining on Pensions: The Finnish Pension Reform of 2001–2002....Pages 169-186

✦ Subjects

Labor Economics;Macroeconomics/Monetary Economics