Chu, Angus C.; Cozzi, Guido; Furukawa, Yuichi - Volkswirtschaftliche Fakultät, … - 2014
This study explores the macroeconomics effects of labor unions in a two-country model of directed technical change in which the market size of each country determines the incentives for innovation. We find that an increase in the bargaining power of a wage-oriented union leads to a decrease in...