| Nº Sistema |
000472966 |
| Autor |
 Adamopoulou, Effrosyni |
| Autor |
Villanueva, Ernesto |
| Título |
Wage determination and the bite of collective contracts in Italy and Spain [Recurso electrónico] / Effrosyni Adamopoulou and Ernesto Villanueva. |
| Publicado en |
Labour Economics [Artículos], v. 76, June 2022, 102147 |
| Nota general |
Artículo de revista |
| Resumen |
In several OECD countries employer federations and unions fix skill-specific wage floors for all workers in an industry. One view of those explicit contracts argues that the prevailing wage structure reflects the labor market conditions back at the time when those contracts were bargained, with little space for renegotiation. An alternative view stresses that only workers close to the minima are affected by wage floors and that the wage structure reacts to current labor market conditions. We disentangle between those hypotheses by testing whether wages react more to local contemporaneous unemployment or unemployment at the time of contract renewal in Italy and Spain. The results suggest that most wages in the metalworking industry adjusted to the cycle between 2005 and 2013, and that rigidity generated by lack of renegotiation is confined to wages close to the floors (about 12-15% of the total). [Resumen de la editorial] [eng] |
| Restricciones |
Acceso electrónico RESTRINGIDO por IP a los usuarios de la Biblioteca del Banco de España |
| Acceso electrónico |
 Acceso al texto completo. |
| Relacionado con |
Documentos de Trabajo / Banco de España; 2036 |
| Clasificación |
L31-Industria manufacturera. |
|
J1-Mercado de trabajo. |
|
J2-Relaciones laborales. |
| Materia |
España |
|
Italia |
