Wage dispersion and decentralization of wage bargaining/ created by Christian M. Dahl, Daniel le Maire and Jakob R. Munch
Material type: TextSeries: Journal of labor economics ; Volume 31, Number 3Chicago: Chicago University, 2013Content type:- text
- unmediated
- volume
- 0734306X
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
Journal Article | Main Library - Special Collections | HD5706 JOU (Browse shelf(Opens below)) | Vol. 31, no.3 (pages 501-533) | SP17576 | Not for loan | For In House Use Only |
This paper studies how decentralization of wage bargaining from sector to firm-level influences wage levels and wage dispersion. We use detailed panel data covering a period of decentralization in the Danish labor market. The decentralization process provides variation in the individual worker's wage-setting system that facilitates identification of the effects of decentralization. We find a wage premium associated with firm-level bargaining relative to sector-level bargaining, and that the return to skills is higher under the more decentralized wage-setting systems. Using quantile regression, we also find that wages are more dispersed under firm-level bargaining compared to more centralized wage-setting systems.
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