Resource title

Tarifbindung und die ökonomische Rationalität von Lohnrigiditäten

Resource image

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Resource description

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for explanations based on collective wage agreements and on efficency wages as well. Collective wage agreements and implicit contracts are important reasons for wage rigidities for the low skilled. Furthermore survey respondents indicate that the reduction of turnover costs, adverse selection and specific human capital in quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany collective wage agreements and firm specific human capital seem to be more important explanations.

Resource author

Wolfgang Franz, Friedhelm Pfeiffer

Resource publisher

Resource publish date

Resource language

deu

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24419

Resource license

Adapt according to the presented license agreement and reference the original author.