Endogenous growth and collective bargaining
Article Abstract:
Balanced growth is analyzed where research and development (R & D) uses only skilled workers, and where the union and the employer federation negotiate over the wages for skilled and unskilled labor. Findings reveal that the union refuses to accept any agreement resulting in the unemployment of skilled workers and that union strength hastens growth because higher salaries for unskilled workers increase R & D by reducing final output resulting in the transfer of skilled labor from the production of final goods to R & D.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Strike ballots as a commitment device
Article Abstract:
Strike ballots can be seen as part of a model of negotiations between companies and labor unions over wage rises, where non-cooperation has arisen. Companies information about their revenues may be private. Labor unions can prevent companies from rejecting wage demands by making it expensive to do so. Ballots can allow strike threats to gain credibility and they can function as a device encouraging commitment, allowing labor unions to strike at times when otherwise employee support might be difficult to achieve.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
The centralization of wage bargaining, investment, and technological change
Article Abstract:
Collective bargaining can affect growth and investment levels where companies buy intermediate goods from one another, and where technological change results from learning-by-investment. Bargaining at local or central level can be associated with increased employment, growth and investment, compared to medium level bargaining. This increased growth can occur if there is neither high nor low substitution elasticity between intermediate outputs and labor.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Bureaucracy at the IMF and the World Bank: a comparison of the evidence. Upping the ante for political economy analysis of the international financial institutions
- Abstracts: Risk aversion in rent-seeking and rent-augmenting games. Asynchronized multiperiod commitments and cycles. Alternative time patterns of decisions and dynamic strategic interactions
- Abstracts: Labor market segmentation and the implications for public sector retrenchment programs. Learning from transition economies: assessing labor market policies across Central and Eastern Europe
- Abstracts: Changes in economic regime and productivity growth: a study of Indian public sector banks. Government interventions, market imperfections and technical inefficiency in a mixed economy: a case study of Indian agriculture