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Labour Market Regulation, Productivity-Improving R&D and Endogenous Growth
Palokangas, Tapio - 2003
rents and the government can support unions by labour market regulation. We show that if unions are initially very strong …, regulation increases only the workers? profit share and has no impact on employment and growth. Otherwise, regulation increases … faster. Regulation (deregulation) is desirable when the growth rate is below (above) some critical level. …
Persistent link: https://www.econbiz.de/10010261979
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The political economy of labor market regulation with R&D
Palokangas, Tapio K. - 2014
In this paper, I study the political rationale for labor market regulation. Oligopolists employ raw labor and human … less competition from outside. Then, the fall of income due to wage increases is reduced and labor market regulation …
Persistent link: https://www.econbiz.de/10010350356
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International labour market regulation and economic growth with creative destruction
Palokangas, Tapio K. - 2002
and engineers while R&D uses only engineers. Workers are unionized and labour market regulation supports union power in … level of welfare. When the interest-rate elasticity of consumption in the world is low (high), the simultaneous regulation …
Persistent link: https://www.econbiz.de/10011541196
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Economic integration, market power and technological change
Palokangas, Tapio - 2005
We examine a common market which expands by integrating new regions. Capitalists are strategically interdependent through the goods market and they improve their productivity through R&D. Production and R&D employ unionized workers. The purpose of integration is to maximize a weighed average of...
Persistent link: https://www.econbiz.de/10010276148
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Bargaining structures, rent-seeking effect and endogenous growth.
TERRAZ, Isabelle - Bureau d'Économie Théorique et Appliquée (BETA), … - 2009
Market power of workers on wages is bound to affect economic performances. This paper focuses on this issue and analyse the influence of bargaining structures on growth and labor market functioning. To achieve this, we construct an endogenous growth model where growth appears as the result of a...
Persistent link: https://www.econbiz.de/10005422837
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Economic Integration, Market Power and Technological Change
Palokangas, Tapio - Institute for the Study of Labor (IZA) - 2005
We examine a common market which expands by integrating new regions. Capitalists are strategically interdependent through the goods market and they improve their productivity through R&D. Production and R&D employ unionized workers. The purpose of integration is to maximize a weighed average of...
Persistent link: https://www.econbiz.de/10005703176
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Integration, labor market regulation, lobbying, and technological change
Palokangas, Tapio K. - 2009
This paper examines an economic union where oligopolistic firms produce by skilled and unskilled labor and do in-house R&D by skilled labor. The planner of the union accepts new members to the union, regulates the labor market through a minimum wage for unskilled labor and supports firms by...
Persistent link: https://www.econbiz.de/10003830286
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Labour Market Regulation, Productivity-Improving R&D and Endogenous Growth
Palokangas, Tapio - 2021
rents and the government can support unions by labour market regulation. We show that if unions are initially very strong …, regulation increases only the workers' profit share and has no impact on employment and growth. Otherwise, regulation increases … faster. Regulation (deregulation) is desirable when the growth rate is below (above) some critical level …
Persistent link: https://www.econbiz.de/10013320028
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International Labour Market Regulation and Economic Growth with Creative Destruction
Palokangas, Tapio - 2021
and engineers while R&D uses only engineers. Workers are unionized and labour market regulation supports union power in … level of welfare. When the interest-rate elasticity of consumption in the world is low (high), the simultaneous regulation …
Persistent link: https://www.econbiz.de/10013320375
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Economic growth with political lobbying and wage bargaining
Palokangas, Tapio K. - 2009
This paper examines an economy with a large number of industries, each producing a different good. Technological change follows a Poisson process where firms improve their productivity through investment in R&D. The less there are firms in the economy or the more they can coordinate their...
Persistent link: https://www.econbiz.de/10003830196