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What are the effects of firm- and sector-level trade unions on unemployment and aggregate output if individuals have … demand then, ceteris paribus, increases and unemployment falls. This new mechanism interacts with the negative employment … indicates that the unemployment damping effect of rent-sharing motives mitigates but does not compensate for the unemployment …
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The basic trade union model is extended to allow for a more sophisticated unemployment benefit system consisting of two … utility of union members can reduce unemployment. …
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of firms, implying a reduction of the unions' expected bargaining power. Moreover, union heterogeneity constitutes an (un)employment … liberalization will increase (decrease) unemployment. …
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