Wage Rigidity in Israel: Institutions vs. Market Forces
Yael Artstein
Abstract
Yael Artstein
Abstract
A basic feature of the industry wage model presented here is a distinction between unionized industries, with collective bargaining and thus a rigid setting framework, and non-unionized industries, where wage determination is more competitive.
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A basic feature of the industry wage model presented here is a distinction between unionized industries, with collective bargaining and thus a rigid setting framework, and non-unionized industries, where wage determination is more competitive.
Key concepts: Wage, Rigidity (electromagnetism), Collective bargaining, Labour economics, Wage bargaining, Economics, Efficiency wage, Engineering