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

Nicholas Giannakopoulosa and Ioannis Laliotis ()
Authors registered in the RePEc Author Service: Nicholas A. Giannakopoulos ()

No 275, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: Decentralised bargaining is an important wage setting mechanism that promotes wage flexibility which in turn determines how earnings and employment are affected by economic shocks. We investigate the impact of the 2011 industrial relations reform in Greece that allowed firms with less than 50 employees to participate in firm-level bargaining. Matching administrative contractual data with longitudinal firm-level data we identify treated and non-treated firms. We find that during the first post-reform year, treated firms with less than 50 employees experienced a 4.8 percent increase in firm-level bargaining and a 12 percent drop in wage floors relative to non-treated firms. We also document a positive employment impact.

Keywords: Firm-level bargaining; Wages; Reform; Greece (search for similar items in EconPapers)
JEL-codes: J31 J41 J52 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-bec, nep-eur and nep-lma
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https://www.econstor.eu/bitstream/10419/184755/1/GLO-DP-0275.pdf (application/pdf)

Related works:
Journal Article: Industrial Relations Reform, Firm‐Level Bargaining and Nominal Wage Floors (2020) Downloads
Working Paper: Industrial relations reform, firm-level bargaining and nominal wage floors (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:275

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