Efficiency wages,insiders - outsiders e determinação de salários : teorias e evidência
By: CARNEIRO Francisco G
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Material type: 
ArticlePublisher: São Paulo : Editora 34, abr./jun. 1997Revista de Economia Política = Brazilian Journal of Political Economy 17, 2, p. 110-129Abstract: The article discusses alternative explanations for the rigidity of real wages in the presence of involuntary unemployment. It is argued that real wage rigidity can be viewed as the result of two factors: (i) trade unions bargaining power, in the form of insider power; and (ii) the deliberate action of firms which try to avoid the costs associated with labour turnover. The article also presents recent empirical evidence on the impor-tance of insider factors in the process of wage determination for a number of countries
The article discusses alternative explanations for the rigidity of real wages in the presence of involuntary unemployment. It is argued that real wage rigidity can be viewed as the result of two factors: (i) trade unions bargaining power, in the form of insider power; and (ii) the deliberate action of firms which try to avoid the costs associated with labour turnover. The article also presents recent empirical evidence on the impor-tance of insider factors in the process of wage determination for a number of countries
Revista de Economia Política 1997
v. 17, n. 2(66)
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