Abstract
This study conducts empirical analyses on impacts of multi-employer bargaining on wage level, utilizing Workplace Panel Survey(2005-2013). I draw research hypotheses, improving upon Calmfors and Driffill(1988)’s two critical factors of market power and internalization of externalities. I estimate dynamic panel data models with wage growth rate and wage level as their dependent variables, and with multi-employer bargaining s the main independent variable.
The results of this study indicate that multi-employer bargaining does not have statistically significant effects on wage level or wage growth rate. However, the results indicate that the wage effects of multi-employer bargaining are lower after 2008 than before, and support partially the hypothesis that the wage effect of multi-employer bargaining is lower in the manufacturing sector than in the service sector. Finally the results are summarized and their implications are discussed.
| Translated title of the contribution | On the Wage Effects of Multi-employer Bargaining |
|---|---|
| Original language | Korean |
| Pages (from-to) | 1-24 |
| Number of pages | 24 |
| Journal | 산업관계연구 |
| Volume | 28 |
| Issue number | 2 |
| DOIs | |
| State | Published - Jun 2018 |