TY - BOOK ID - 84540986 TI - Centralized Bargaining, Efficiency Wages, and Flexibility AU - Ramaswamy, Ramana. AU - Rowthorn, Bob. PY - 1993 SN - 1462378323 1455223220 1281990167 9786613794598 1455290718 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Wages, Compensation, and Labor Costs: General KW - Wages, Compensation, and Labor Costs: Public Policy KW - Labor Economics: General KW - Labour KW - income economics KW - Wages KW - Wage bargaining KW - Real wages KW - Wage adjustments KW - Labor economics KW - Sweden KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540986 AB - The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the conditions under which a firm prefers decentralized to centralized bargaining?, (b) what are the characteristic features of firms which prefer decentralized to centralized bargaining?, and (c) has the proportion of firms which prefer decentralized bargaining increased over time? These questions are examined in an efficiency wage model with insider-outsider features. This paper provides useful theoretical insights for understanding the issues involved in shifting from centralized to decentralized wage bargaining. ER -