Collective bargaining and wage formation

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Hannu Piekkola and Kenneth Snellman from ETLA and the Labour Institute for Economic Research explore the current state of collective bargaining in Europe and the challenges it faces. This volume examines issues relevant to European labor markets, including insights from Torben M. Andersen and Steinar Holden on globalization, inter-industry trade, and adaptation to low inflation. Contributions stem from a project investigating collective bargaining in Finland, utilizing results from a survey on employer and employee perspectives regarding labor relations and negotiation systems. The complexity of bargaining systems is highlighted, emphasizing that their future development is influenced by historical evolution, past experiences, and the current labor market situation, alongside changes in the international environment. By analyzing the past functioning of these systems, the interactions between various elements and environmental factors can be observed, providing a deeper understanding of collective bargaining dynamics.