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employment effects of stronger unions. Firm-specific bargaining power creates a link between unionization and the entry and exit … of firms, implying a reduction of the unions' expected bargaining power. Moreover, union heterogeneity constitutes an (un)employment …
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more low-productivity firms enter the market, the negative employment effect of unionization is mitigated. Neglecting inter …
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more low-productivity firms enter the market, the negative employment effect of unionization is mitigated. Neglecting inter …
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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...
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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 … lower output and employment. Moreover, the induced nominal equilibrium wage is not always a monotonically increasing …
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