Wage Flexibility and Labour Market Institutions: A Meta-Analysis

Miquel Clar (), Christian Dreger () and Raul Ramos ()

No 2581, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially lower in European countries than in the United States and that there are important differences among European countries. Which are the reasons that explain these different reactions? In this paper, we apply meta-analytical techniques in order to provide a quantitative summary of the available evidence regarding the influence of labour market institutions on real wage flexibility. We find that the design of the study affects the obtained results, and that in more deregulated labour markets with a lower presence of trade unions, this response is particularly larger.

Keywords: meta analysis; wage flexibility; institutions (search for similar items in EconPapers)
JEL-codes: J30 J50 (search for similar items in EconPapers)
Date: 2007-01
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Journal Article: Wage Flexibility and Labour Market Institutions: A Meta-Analysis (2007)
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