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Wage Flexibility and Labour Market Institutions: A Meta-AnalysisMiquel ClarUniversity of Barcelona Christian DregerGerman Institute for Economic Research (DIW Berlin); European University Viadrina Frankfurt (Oder); Institute for the Study of Labor (IZA); Chinese Academy of Social Sciences (CASS) Raul RamosUniversity of Barcelona - AQR; Institute for the Study of Labor (IZA) Kyklos, Vol. 60, No. 2, pp. 145-163, May 2007 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.
Number of Pages in PDF File: 19 Accepted Paper SeriesDate posted: May 2, 2007Suggested CitationContact Information
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