The Centralization of Wage Bargaining Revisited: What Have we Learnt?*

Edward Driffill ()

Journal of Common Market Studies, 2006, vol. 44, issue 4, 731-756

Abstract: The original article with Lars Calmfors predicted that highly coordinated or centralized bargaining would lead to wage restraint and low unemployment. Despite shortcomings, this prediction has survived scrutiny. Recent work suggests that collective bargaining should be seen as part of broader research on institutions and macroeconomic performance in growth.

Date: 2006
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