TY - JOUR
T1 - Institutional and market determinants of wage spillovers
T2 - Evidence from UAW pattern bargaining
AU - Budd, John W.
PY - 1997/1
Y1 - 1997/1
N2 - Empirical wage spillovers are often observed, but their theoretical explanation is controversial because they are consistent with institutional wage comparisons stemming from fairness or union politics, but also with neoclassical alternative wages or correlated labor demand shocks. The nature of wage spillovers is analyzed using a data set of United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW) wage settlements. The results support the hypothesis that institutional wage spillovers augment neoclassical economic forces in determining wages, albeit with some weakening after 1980.
AB - Empirical wage spillovers are often observed, but their theoretical explanation is controversial because they are consistent with institutional wage comparisons stemming from fairness or union politics, but also with neoclassical alternative wages or correlated labor demand shocks. The nature of wage spillovers is analyzed using a data set of United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW) wage settlements. The results support the hypothesis that institutional wage spillovers augment neoclassical economic forces in determining wages, albeit with some weakening after 1980.
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U2 - 10.1111/0019-8676.431997006
DO - 10.1111/0019-8676.431997006
M3 - Article
AN - SCOPUS:0001922079
SN - 0019-8676
VL - 36
SP - 97
EP - 116
JO - Industrial Relations
JF - Industrial Relations
IS - 1
ER -