search query: @indexterm BARGAINING / total: 425
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| Author: | Piccirilli, G. |
| Title: | Job protection, industrial relations, and employment |
| Journal: | Oxford Economic Papers
2010 : OCT, VOL. 62:4, p. 803-824 |
| Index terms: | labour markets employment industrial relations bargaining OECD models |
| Language: | eng |
| Abstract: | Using a dynamic stochastic union model, it is shown that firing costs have a small and ambiguous impact on the level of employment if the union precommits to future wages. It is argued that commitment-like equilibria are more likely in bargaining environments (herein as: b-env/s.) featuring social pacts at the aggregate level and cooperative industrial relations. Thus, theoretical results suggest that these traits of the b-env/s. interact with employment protection legislation in a labour markets performance improving manner. There is provided evidence on OECD countries which is consistent with this prediction. |
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