TY - BOOK ID - 84545185 TI - Industrial Relations and Macroeconomic Performance : An Application to Spain. AU - International Monetary Fund. AU - International Monetary Fund PY - 1990 SN - 1462335837 1455257583 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Income economics KW - Labor costs KW - Labor share KW - Labor KW - Labour KW - Real wages KW - Wage adjustments KW - Wages KW - Wages, Compensation, and Labor Costs: General KW - Spain UR - https://www.unicat.be/uniCat?func=search&query=sysid:84545185 AB - The paper analyzes the macroeconomic implications of different systems of industrial relations. After reviewing the relevant literature, and analyzing cross-country evidence, the paper focuses on the experience of centralized bargaining characterizing Spain in the period 1979-86. The paper argues, in accordance with the literature and the cross-country evidence, that the centralization of bargaining yielded positive macroeconomic effects in Spain, and thus that the shift toward a more decentralized setting after 1987 carries several risks. This conclusion is based on an empirical analysis of the wage setting process and of the evolution of labor shares in income. ER -