Beggaring Thy Co-Worker: Labor Market Dualization and the Wage Growth Slowdown in Europe
研究了欧洲30国2004-2017年数据，发现非自愿临时工比例上升会通过竞争效应压低正式员工的工资增长，从而拖累整体工资增速，尤其在工资谈判制度薄弱的国家更明显。
As temporary employment has become a pervasive feature of modern labor markets, reasons for wage growth have become less well understood. To determine whether these two phenomena are related, the authors investigate whether the dualized structure of labor markets affects macroeconomic developments. Specifically, they incorporate involuntary temporary workers into the standard wage Phillips curve to examine wage growth in 30 European countries for the period 2004–2017. Relying on individual-level data to adjust for a changing employment composition, their findings show, for the first time, that the incidence of involuntary temporary workers has strong negative effects on permanent workers’ wage growth, thereby dampening aggregate wage growth. This effect, which the authors name the competition effect, is particularly pronounced in countries where wage bargaining institutions are weak. The findings shed further light on the reasons for the secular slowdown of wage growth after the global financial crisis.