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150128 ||| eng |
| 020 |
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|a 9781451951097
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| 245 |
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|a Industrial Relations and Macroeconomic Performance
|b An Application to Spain
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1990
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| 300 |
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|a 42 pages
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| 651 |
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4 |
|a Spain
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| 653 |
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|a Labor costs
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| 653 |
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|a Real wages
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Wage adjustments
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Labor
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| 653 |
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|a Labor share
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| 653 |
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|a Wages
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| 710 |
2 |
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|a International Monetary Fund
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451951097.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1990/093/001.1990.issue-093-en.xml?cid=28574-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a 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
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