Investment and Union Certification.
Using data on union certification elections, the authors estimate the impact of unionization on firms' investment behavior. Employing both a standard q model and an 'investment surprises' technique, they find that union certification significantly reduces investment in the year following the election. The authors find that a winning certification election has, on average, about the same effect on investment in the year following the event as would--given the elasticity measures taken from the public finance literature--a 33 percentage-point increase in the corporate tax. The magnitude of the response in years further away from the election is less certain. Copyright 1999 by University of Chicago Press.
Year of publication: |
1999
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Authors: | Fallick, Bruce C ; Hassett, Kevin A |
Published in: |
Journal of Labor Economics. - University of Chicago Press. - Vol. 17.1999, 3, p. 570-82
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Publisher: |
University of Chicago Press |
Saved in:
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