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International Product Market Integration and Wage Bargaining

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Collective Bargaining and Wage Formation

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Abstract

The consequences of further international product market integration for wage bargaining are discussed. It is argued that current changes in international interactions pose new challenges for wage formation. In particular, the scope for appropriating rents may be affected, and it may become more difficult or costly to maintain centralized wage bargaining arrangements with solidaristic elements. At the same time, the demand for insurance mechanisms may increase, which is a particular challenge for the Nordic countries.

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Authors and Affiliations

  1. Department of Economics, University of Aarhus, Denmark CEPR, IZA and EPRU, Denmark

    Torben M. Andersen

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  1. Torben M. Andersen
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Editors and Affiliations

  1. ETLA, Lönnrotinkatu 4 B, 00120, Helsinki, Finland

    Hannu Piekkola Ph.D.

  2. Labour Institute for Economic Research, Pitkansillanranta 3 A, 00530, Helsinki, Finland

    Kenneth Snellman Ph.D.

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© 2005 Physica-Verlag Heidelberg

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Andersen, T.M. (2005). International Product Market Integration and Wage Bargaining. In: Piekkola, H., Snellman, K. (eds) Collective Bargaining and Wage Formation. Physica-Verlag HD. https://doi.org/10.1007/3-7908-1598-5_2

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