Rent Sharing and Bargaining Levels: Evidence from Italy

Barbara Pistoresi and Chiara Strozzi ()

Giornale degli Economisti, 2003, vol. 62, issue 2, 145-170

Abstract: This paper studies the extent of rent sharing in the Italian metal- mechanical industry by analyzing separately what occurs at each stage of wage negotiations. In particular, we evaluate how, through the bargaining process, aggregate and idiosyncratic productivity shocks influence respectively centralized and decentralized wage negotiations. It turns out that while centralized agreements generate rent sharing, at the decentralized bargaining level this phenomenon is absent.

Keywords: two-stage bargaining; rent sharing; dynamic factor model; dynamic correlation analysis (search for similar items in EconPapers)
JEL-codes: C10 J50 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (2)

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