Industrial relations reform, firm-level bargaining and nominal wage floors

Nicholas Giannakopoulos (ngias@upatras.gr) and Ioannis Laliotis (ioannis.laliotis@upatras.gr)

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We investigate the impact of the 2011 industrial relations reform in Greece that made firms with less than 50 employees eligible to participate to firm-level bargaining. Matching administrative contractual data with longitudinal firm-level data we identify firms affected and not affected by the reform. We find that during the first post-reform year, affected firms with less than 50 employees experienced a 4.8 per cent increase in the probability of firm-level contracting and a 12 per cent drop in wage floors relative to not affected firms. We also report estimates regarding the post-reform employment effect of firm-level bargaining.

Keywords: firm-level bargaining; wages; reform; Greece (search for similar items in EconPapers)
JEL-codes: J01 J50 R14 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2019-03-27
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Published in Manchester School, 27, March, 2019, 88(1), pp. 37-59. ISSN: 1463-6786

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http://eprints.lse.ac.uk/100446/ Open access version. (application/pdf)

Related works:
Journal Article: Industrial Relations Reform, Firm‐Level Bargaining and Nominal Wage Floors (2020)
Working Paper: Industrial relations reform, firm-level bargaining and nominal wage floors (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:100446

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