000			01531pab a2200181 454500
008			180718b2002 xxu||||| |||| 00| 0 eng d
100			_aPerez, Sofia A.
245			_aMonetary union and wage bargaining institutions in the EU: Extrapolating from some member state experiences
260			_c2002
300			_ap.1198-1227.
362			_aDec
520			_aThis article is considers the question of how monetary union in the EU is likely to impact the preferences of governments, employers, and unions regarding the organization of wage bargaining. European Monetary Union involves a decentralization of wage bargaining (centered at the national level) in relation to monetary policy (centralized at the European level). Drawing on recent literature and on the experience of two member states (Italy and Spain), which, prior to EMU, underwent periods of intense bargaining fragmentation, the author argues that the imposition of restrictive monetary policy in a fragmented wage bargaining context in which workers nonetheless have substantial bargaining rights tends to have perverse effects. These effects utimately led governments and bargaining actors in Italy and Spain to seek a reorganization of bargaining that gave national actors greater control over wage setting. The article considers to what extent a similar dynamic might play out in the Euro zone. - Reproduced.
650			_aWages
650			_aEuropean Union
650			_aCollective bargaining
773			_aComparative Political Studies
909			_a54939
999			_c54939 _d54939