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Industrial Relations Reform, Firm-Level Bargaining and Nominal Wage Floors

Giannakopoulos, N. & Laliotis, I. (2019). Industrial Relations Reform, Firm-Level Bargaining and Nominal Wage Floors. Manchester School, doi: 10.1111/manc.12273

Abstract

We investigate the impact of the 2011 industrial relations reform in Greece that made firms with less than 50 employees eligible to participate to firm-level bargaining. Matching administrative contractual data with longitudinal firm-level data we identify firms affected and not affected by the reform. We find that during the first post-reform year, affected firms with less than 50 employees experienced a 4.8 per cent increase in the probability of firm-level contracting and a 12 per cent drop in wage floors relative to not affected firms. We also report estimates regarding the post-reform employment effect of firm-level bargaining.

Publication Type: Article
Additional Information: This is the pre-peer reviewed version of the following article: Giannakopoulos, N. and Laliotis, I. (2019), Industrial Relations Reform, Firm‐Level Bargaining and Nominal Wage Floors. The Manchester School., which has been published in final form at https://doi.org/10.1111/manc.12273. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.
Subjects: H Social Sciences > HD Industries. Land use. Labor
Departments: School of Policy & Global Affairs > Economics
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