Unionisation structures and innovation incentives
This paper examines how different unionisation structures affect firms' innovation incentives and industry employment. We distinguish three modes of unionisation with increasing degree of centralisation: (1) 'decentralisation' where wages are determined independently at the firm-level, (2) 'coordination' where one industry union sets individual wages for all firms and (3) 'centralisation' where an industry union sets a uniform wage rate for all firms. While firms' investment incentives are largest under 'centralisation', investment incentives are non-monotone in the degree of centralisation: 'decentralisation' carries higher investment incentives than 'coordination'. Labour market policy can spur innovation by decentralising unionisation structures or through non-discrimination rules. Copyright 2004 Royal Economic Society.
Year of publication: |
2004
|
---|---|
Authors: | Haucap, Justus ; Wey, Christian |
Published in: |
Economic Journal. - Royal Economic Society - RES, ISSN 1468-0297. - Vol. 114.2004, 494, p. 149-149
|
Publisher: |
Royal Economic Society - RES |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Stabilität und Wandel von Arbeitsmarktinstitutionen aus wettbewerbsökonomischer Sicht
Göddeke, Anna, (2011)
-
Hamelmann, Lisa, (2015)
-
Wettbewerbsprobleme im Lebensmitteleinzelhandel
Haucap, Justus, (2013)
- More ...