Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148447
Authors: 
Rovelli, Riccardo
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 222
Abstract: 
Aside from employment protection laws, which have been converging, other labor market institutions in new and old EU member states, such as wage bargaining coordination and labor union density, still differ considerably. These labor market institutions also differ among the new EU member states, with the Baltic countries being much more liberal than the others. Research that pools data on old and new EU member states shows that wage coordination mechanisms can improve a country’s macroeconomic performance. Stronger wage coordination and higher union density reduce the response of inflation to the business cycle.
Subjects: 
labor market institutions
wage coordination
union density
Phillips curve
exchange rate pass-through
JEL: 
E24
J5
Persistent Identifier of the first edition: 
Document Type: 
Article

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