Politically preferred wage bargaining structures
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摘要
The literature on wage bargaining has focused on four bargaining structures: decentralized and simultaneous, decentralized and sequential, centralized and simultaneous and centralized and sequential. The literature analyzes the bargaining structure preferred by both firms and unions, but does not consider the politically preferred bargaining structure. This paper shows how the politically preferred bargaining structure depends on the share of foreign ownership of firms.

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