Wage Flexibility and Labour Market Institutions: A Meta-Analysis

19 Pages Posted: 2 May 2007

See all articles by Miquel Clar

Miquel Clar

University of Barcelona

Christian Dreger

European University Viadrina Frankfurt (Oder); IZA Institute of Labor Economics; Chinese Academy of Social Sciences (CASS)

Raul Ramos

University of Barcelona - AQR; IZA Institute of Labor Economics

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Abstract

Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially lower in European countries than in the United States and that there are important differences among European countries. Which are the reasons that explain these different reactions? In this paper, we apply meta-analytical techniques in order to provide a quantitative summary of the available evidence regarding the influence of labour market institutions on real wage flexibility. We find that the design of the study affects the obtained results, and that in more deregulated labour markets with a lower presence of trade unions, this response is particularly larger.

Suggested Citation

Clar, Miquel and Dreger, Christian and Ramos, Raul, Wage Flexibility and Labour Market Institutions: A Meta-Analysis. Kyklos, Vol. 60, No. 2, pp. 145-163, May 2007, Available at SSRN: https://ssrn.com/abstract=982707 or http://dx.doi.org/10.1111/j.1467-6435.2007.00366.x

Miquel Clar (Contact Author)

University of Barcelona ( email )

Gran Via de les Corts Catalanes, 585
Barcelona, 08007
Spain

Christian Dreger

European University Viadrina Frankfurt (Oder) ( email )

Frankfurt (Oder)
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Chinese Academy of Social Sciences (CASS) ( email )

Beijing, 100732
China

Raul Ramos

University of Barcelona - AQR ( email )

Dpt. Econometrics, Statistics and Spanish Economy
Avda. Diagonal 690
Barcelona, Barcelona 08034
Spain

HOME PAGE: http://www.raulramos.cat

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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