Corporatism and Wage Bargaining
Efficient wage bargaining institutions operate so as to channel the self-interested behaviour of individual employer and employee organizations away from purely redistributive activities into well coordinated and socially productive ones. The success of an economy’s bargaining structure in achieving this objective can be regarded as a major determinant of its employment, income and inflation performance and, therefore, of social welfare. Its role in this task can be considered as equal in importance to well-designed economic policies on the part of the government. This paper looks for such an efficient bargaining structure in the theoretical and empirical literature on trade union behaviour.
- ISSN: 0357-9603
- ISBN: 951-9282-10-6
