Efficiency Wages, Trade Unions and Labor Taxation

Wage formation in Europe has traditionally been explained by so-called trade union theories, which emphasise the role of labour market institutions. As a competing framework, efficiency wage models – particularly influential in the United States – focus on wage-setting decisions by firms and workers.

Rather than treating these approaches as mutually exclusive, they can be seen as complementary. The dissertation integrates the two into a combined framework that accounts for both institutional factors and firm- and worker-level decision-making in wage determination. (AI translation)

• ISSN: 1236-7176
• ISBN: 952-5071-33-2
• Press Release in Finnish