Local and central wage bargaining produce distinct macroeconomic outcomes
the verdict
SUPPORTED
the evidence backs this
confidence 86/100
Empirical economic research confirms that local (decentralized) and central wage-bargaining structures yield distinct macroeconomic outcomes, particularly regarding employment levels, wage inequality, and inflation.
Evidence for · 3
The impact of collective bargaining on employment and wage inequality: Evidence from a new taxonomy of bargaining systems
2020 · cited by 56
Paper 1 demonstrates that coordinated versus decentralized bargaining systems produce distinct macroeconomic outcomes regarding employment, unemployment, and wage inequality.
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More for · 2
Wage Centralization, Union Bargaining, and Macroeconomic Performance
2002 · cited by 22
Paper 2 analyzes how centralized versus decentralized wage-bargaining systems lead to different macroeconomic outcomes concerning output, employment, and inflation.
Wage Centralization, Union Bargaining, and Macroeconomic Performance
2002 · cited by 11
Paper 4 reinforces that centralized versus decentralized wage-setting regimes are associated with distinct macroeconomic performance measures.