کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5056077 1371513 2007 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Unions, wage setting, and economic growth
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Unions, wage setting, and economic growth
چکیده انگلیسی
In this paper we analyse the growth effects of union wage bargaining within an expanding product variety growth model. We identify two channels through which unionisation will affect the rate of growth. Firstly, unions capture monopoly profits and thus give rise to a hold-up problem. Firms have less incentive to invest in research. This ceteris paribus dampens the growth rate. Secondly, unionisation changes the “de facto” skill abundance of the economy. This results in a resource reallocation á la Rybczynski, which may be growth enhancing. We derive the conditions for the dominance of either effects and demonstrate how these will change, with the institutional setting of the bargain.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 24, Issue 1, January 2007, Pages 167-188
نویسندگان
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