Strike Outcomes and Wage Settlements in Spain

Jiménez-Martín, Sergi

doi:10.2139/ssrn.563365

Cited by 7 publications

(13 citation statements)

References 28 publications

(32 reference statements)

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“…The results using the alternative specification are available from the authors upon request. 11 Jiménez-Martín (2006) and Jiménez-Martín and García (2007) use this specification in their panel data models of wage bargaining and Benítez-Silva and Dwyer (2005) and Benítez-Silva et al (2008) discuss related models using a similar type of specification. 12 In the implementation of this procedure we have followed the practical suggestions in Baum, Schaffer, andStillman (2003 and.…”

Section: The Health and Retirement Study: Self-reports On House Valuementioning

confidence: 99%

How well do individuals predict the selling prices of their homes?

Benı́tez-Silva

Eren

Heiland

et al. 2015

Journal of Housing Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in August 2009Hugo Benítez-Silva acknowledges the financial support of the National Institute on Aging through grant number 5 P01 AG022481-04 for a related project; and, along with Frank Heiland, thanks the Michigan Retirement Research Center for its support on a related project. Sergi Jiménez-Martín acknowledges the financial support of the Spanish Ministry of Education through project number SEJ2005-08783-C04-01. Any remaining errors are the authors'.The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals.The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. More importantly, we are the first to establish a strong correlation between accuracy and the economic conditions at the time of the property's purchase. While most individuals overestimate the value of their property, those who buy during more difficult economic times tend to be more accurate, in some cases even underestimating the value of their house. We find a surprisingly strong, likely permanent, and in many cases long-lived effect of the initial conditions surrounding the purchase of properties, and on how individuals value them. This cyclicality of the overestimation of house prices provides some explanation for the difficulties currently faced by many homeowners, who were expecting large appreciations in home value to rescue them in case of increases in interest rates, which could jeopardize their ability to live up to their financial commitments.

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Section: The Health and Retirement Study: Self-reports On House Valuementioning

confidence: 99%

How well do individuals predict the selling prices of their homes?

Benı́tez-Silva

Eren

Heiland

et al. 2015

Journal of Housing Economics

View full text Add to dashboard Cite

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“…The existence of conflict in relationships in the establishment may impose restrictions on pay setting by employers due to the different interests pursued by each party during the bargaining process. Moreover, it is possible that a deteriorating industrial relations climate increases the threat of industrial action, and the employer may use wage increases in order to improve the working environment (see Jimenez-Martin, 2006).…”

Section: The Pressures On Wage Adjustmentsmentioning

confidence: 99%

“…Second, collective bargaining may result in a deterioration of the employment relationship because the parties involved in negotiations pursue different interests. As a consequence, the employer could be more concerned about the importance of the industrial relations climate in pay settlements and use wage increases as a mechanism for restoring a good working environment (see Jimenez-Martin, 2006). …”

Section: Wage-setting Arrangements and Trade Unionsmentioning

confidence: 99%

The process of wage adjustment: An analysis using establishment-level data

Bayo‐Moriones

Galdón-Sánchez

Martínez-de-Morentin

2014

Economic and Industrial Democracy

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.IZA Discussion Paper No. 5998 September 2011 ABSTRACT The Process of Wage Adjustment: An Analysis Using Establishment-Level DataThis article presents a study of the influences on the factors that shape wage adjustments. The cost of living, comparability with other firms' wages, the fulfilment of collective agreements at sector level, the need to recruit and retain employees, the performance of the organisation, and the climate of industrial relations are included as factors of interest. The analysis was carried out using a sample of Spanish manufacturing plants. Our results show that the structural characteristics of the establishment such as its size or foreign ownership, as well as the wage setting arrangements and trade unions, play a role in explaining the importance of the factors mentioned in shaping wage adjustments. The human resource management policies adopted by the employer seem to be less relevant, although the qualification of workers and the use of pay for performance have a significant impact on the process of wage adjustment. JEL Classification:J30, J40

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“…On the other hand, it is possible that collective bargaining deteriorates the climate of industrial relations and increases the threat of industrial action due to the conflict of interests that can emerge during the process of negotiation. This may result in employers using wage increases as a mechanism of restoring a good working environment and, consequently, being more concerned about the importance of industrial relations climate when setting pay (see Jimenez-Martin, 2006). In addition, collective bargaining is more likely to emerge in sectors and plants where unions are powerful and, therefore, where the threats of industrial action are bigger.…”

Section: Mechanisms Of Pay Determinationmentioning

confidence: 99%

The determinants of pay settlements: the influence of the national context

Bayo‐Moriones

Galdón-Sánchez

Martínez-de-Morentin

2013

The International Journal of Human Resource Management

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This article studies the influence of national context and collective bargaining on the factors taken into account when adjusting wages. Using data from Spanish and British manufacturing establishments, we examine the relative importance of the cost of living, the ability to recruit or retain employees, the financial performance of the organisation and the industrial relations climate on wage adjustments of manual workers at the establishment level. Our findings show that there are significant differences on the importance given to these factors in both countries. In part, these are related to differences in the incidence of collective bargaining.

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Strike Outcomes and Wage Settlements in Spain

Cited by 7 publications

References 28 publications

How well do individuals predict the selling prices of their homes?

How well do individuals predict the selling prices of their homes?

The process of wage adjustment: An analysis using establishment-level data

The determinants of pay settlements: the influence of the national context

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