Syncronized or Staggered Wage Bargaining

Juan Carlos Bárcena Ruiz and María Luz Campo Corredera
Authors registered in the RePEc Author Service: Juan Carlos Bárcena-Ruiz

No 1134-8984, BILTOKI from Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística)

Abstract: [EN] This paper analyzes the timing of wage bargaining in a unionized market, assuming that workers are organized in independent unions. In equilibrium, when unions decide the timing of the negotiations, we obtain a staggered wage setting. When firms decide the timing of the negotiations, we obtain a synchonized wage setting. In general, the result also holds when workers are organized in an industry union.

Keywords: wage bargaining; bargaining structure (search for similar items in EconPapers)
Date: 1999-02
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