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@article{ Schmidt2006,
 title = {Pay Developments in Britain and Germany: Collective Bargaining,                ‘Benchmarking’, and ‘Mimetic Wages’},
 author = {Schmidt, Werner and Dworschak, Bernd},
 journal = {European Journal of Industrial Relations},
 number = {1},
 pages = {89-109},
 volume = {12},
 year = {2006},
 doi = {https://doi.org/10.1177/0959680106061370},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-222665},
 abstract = {This article examines the impact of national industrial relations institutions on pay                movements in Britain and Germany between 1980 and 2000. Pay increases are slightly                higher in Britain, despite the breakdown of multi-employer bargaining and agreements                in the UK and their persistence in Germany. Evidence shows that pay decisions in                Britain are mainly determined by imitation and not by markets. The article suggests                that a system of ‘pay benchmarking’ in Britain acts as a                substitute for the German ‘sectoral agreement model’ and                explains similarities in pay movements.},
}