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Wage Demands by Unions and Employers
Bargaining Models of WageSetting
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aggregate Assar Lindbeck assume assumption bargaining structure Calmfors central agreement centralized bargaining centralized wage setting centrally negotiated wage competitive constraint contracts cooperative Corporatism costs decentralized bargaining decentralized wage setting demand for labor depends economic performance effect efficiency wage effort equation equilibrium final wage firm level grand coalition highly centralized implicit cost implies industrial conflict industry level investment ized bargaining Jeffrey Sachs labor curve less efficient firms less productive firms level of bargaining level of centralization lower Moene national level nomic nominal wage Nordic countries Norway obtain optimal wage order condition outcome output Pareto optimal payoffs plant product prices profit sharing real consumption wage real product wage reduce relative wages Richard Jackman Richard Layard sector solution Stephen Nickell strike studies Sweden tariff wage tion two-tiered bargaining union behavior union members union wage University of Oslo wage bargaining wage demands wage drift wage growth wage increase work-to-rule workers