How to explain Wage Growth Slowdown in Austria? A sectoral-panel analysis of collectively bargained minimum wages

Philipp Gerhartinger, Philipp Haunschmid and Dennis Tamesberger
Additional contact information
Philipp Gerhartinger: Department for Economic, Welfare and Social Policy, Chamber of Labour, Linz, Austria
Philipp Haunschmid: Department for Economic, Welfare and Social Policy, Chamber of Labour, Linz, Austria
Dennis Tamesberger: Department for Economic, Welfare and Social Policy, Chamber of Labour, Linz, Austria

No 58, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy

Abstract: This paper studies the relationship between union power, unemployment and wages. We find many theoretically well-established links suggesting that unemployment negatively affects bargaining power. As an empirical strategy we use Austrian data from 1966 until 2015 on the development of collectively bargained minimum wages. Such data directly reflects the result of a bargaining process between unions and employer organizations, and enables to show the link between bargaining power and unemployment. Moreover, it allows for further discussion on the potential influence of other macroeconomic and institutional variables, such as trade openness and union density.

Keywords: WAGE GROWTH; MINIMUM WAGES; UNEMPLOYMENT; UNIONS; BARGAINING POWER (search for similar items in EconPapers)
Pages: 20 pages
Date: 2017-02
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.jku.at/fileadmin/gruppen/108/ICAE_Working_Papers/wp58.pdf First version, 2017 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ico:wpaper:58

Access Statistics for this paper

More papers in ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy Contact information at EDIRC.
Bibliographic data for series maintained by Teresa Griesebner (teresa.griesebner@jku.at this e-mail address is bad, please contact repec@repec.org).