Decentralized Bargaining and the Greek Labour Relations Reform (Law 4024/2011)

Giannakopoulos, Nicholas and Laliotis, Ioannis (2017): Decentralized Bargaining and the Greek Labour Relations Reform (Law 4024/2011).

Abstract

We investigate decentralized collective bargaining in Greece (2002-2016) under the industrial relations reform implemented in 2011. We match administrative data on firm-level contracts with non-participating firms to estimate determinants of decentralized bargaining before and after the reform. Decentralized bargaining increased in the post-reform period depending on firm size, industry and location. Nominal wage floors downgraded after 2011 in contacts signed by association of persons rather than trade unions. A base wage premium of 22 percent is found in favour of trade unions. Firm-level bargaining with trade unions is expected to promote decentralized bargaining with outcomes linked to firm-specific characteristics.

• Item Type: MPRA Paper
• Language: English
• Keywords: Labour relations; Decentralized collective bargaining; Nominal wages; Reform; Greece
• Subjects: J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure ; Wage Differentials; J - Labor and Demographic Economics > J4 - Particular Labor Markets > J41 - Labor Contracts; J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J52 - Dispute Resolution: Strikes, Arbitration, and Mediation ; Collective Bargaining

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