Wage Interdependence and Competitiveness

David de la Croix

No 1993002, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We build a multi-sector model with wage bargaining and imperfect competition to analyse the links between wage interdependence and competitiveness. Quantity constraints together with union power, firm market power and wage externalities play a significant role in the determination of competitiveness and in the transmission of shocks among sectors. This is verified by an empirical study on Belgian data. We identify leading sectors in wage formation and evaluate the effect of sector-specific shocks on the competitiveness of the other sectors.

Keywords: competition; wages (search for similar items in EconPapers)
Pages: 25
Date: 1992-12-01
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Working Paper: Wage Interdependence and Competitiveness (1993)
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