Centralized Wage Setting and Active Labor Market Policies in Frictional Labor Markets: The Nordic Case
Centralized Wage Setting and Active Labor Market Policies in Frictional Labor Markets: The Nordic Case
复制标题
摩擦性劳动力市场中的集中工资设定和积极的劳动力市场政策:北欧案例
DOI:
10.1057/eej.2013.11
复制
发表时间:
2014
影响因子:
1.1
通讯作者:
L. Zamparelli
中科院分区:
文献类型:
--
作者:
F. Vona;L. Zamparelli
We adopt a standard search and matching model with endogenous job destruction to investigate two issues. First, we use a simplified version of Boeri-Burda to show that at sufficiently low levels of wage share, centralized wage bargaining performs better than decentralized bargaining in terms of average productivity, unemployment, and income inequality. Second, we incorporate active labor market policies in the model and establish that they are more effective in reducing unemployment when wage setting is centralized. Finally, numerical analysis suggests that the difference in effectiveness is sizeable.