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The purpose of this paper is to analyse the impact of the unions' bargaining power on production and wages. In our …
Persistent link: https://www.econbiz.de/10012760872
Empirical evidence suggests that high-productivity firms face stronger trade unions than low-productivity firms. Then a policy that puts all unions into a better bargaining position is no longer neutral for firm selection as in models with a uniform bargaining strength across firms. Using a...
Persistent link: https://www.econbiz.de/10011758385
Empirical evidence suggests that the bargaining power of trade unions differs across firms and sectors. Standard models of unionization ignore this pattern by assuming a uniform bargaining strength. In this paper, we incorporate union heterogeneity into a Melitz (2003) type model. Union...
Persistent link: https://www.econbiz.de/10011879328
Empirical evidence suggests that high-productivity firms face stronger trade unions than low-productivity firms. Then a policy that puts all unions into a better bargaining position is no longer neutral for firm selection as in models with a uniform bargaining strength across firms. Using a...
Persistent link: https://www.econbiz.de/10011737334
Persistent link: https://www.econbiz.de/10001225057
Persistent link: https://www.econbiz.de/10012198842
Persistent link: https://www.econbiz.de/10001548952
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity …, and wages is analyzed being driven primarily by government budget deficits and expectations by consumers. It is shown that …
Persistent link: https://www.econbiz.de/10009514990
This study examines whether a firm's leverage can be used strategically to improve its bargaining position with an organized labor union using samples of non-financial firms listed on the Korean Stock Exchange (KSE) from 1999 to 2013. Through empirical testing, we find that the portfolio with...
Persistent link: https://www.econbiz.de/10012988148
In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10003941761