Wage Flexibility and Labour Market Institutions: A Meta-Analysis

28 Pages Posted: 26 Feb 2007

See all articles by Miquel Clar

Miquel Clar

University of Barcelona

Raul Ramos

University of Barcelona - AQR; IZA Institute of Labor Economics

Christian Dreger

European University Viadrina Frankfurt (Oder); IZA Institute of Labor Economics; Chinese Academy of Social Sciences (CASS)

Multiple version iconThere are 2 versions of this paper

Date Written: January 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.

Keywords: meta analysis, wage flexibility, institutions

JEL Classification: J30, J50

Suggested Citation

Clar, Miquel and Ramos, Raul and Dreger, Christian, Wage Flexibility and Labour Market Institutions: A Meta-Analysis (January 2007). IZA Discussion Paper No. 2581, Available at SSRN: https://ssrn.com/abstract=964924

Miquel Clar

University of Barcelona ( email )

Gran Via de les Corts Catalanes, 585
Barcelona, 08007
Spain

Raul Ramos (Contact Author)

University of Barcelona - AQR ( email )

Dpt. Econometrics, Statistics and Spanish Economy
Avda. Diagonal 690
Barcelona, Barcelona 08034
Spain

HOME PAGE: http://www.raulramos.cat

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Christian Dreger

European University Viadrina Frankfurt (Oder) ( email )

Frankfurt (Oder)
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Chinese Academy of Social Sciences (CASS) ( email )

Beijing, 100732
China

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