Growth Externalities, Unions, and Long-Term Wage Accords PDF Download
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Author: Martin Zagler
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper presents an innovation driven endogenous growth model, where firms and unions bargain over wages. We find that the degree of centralization of the bargaining structure plays a crucial rule for economic performance. Central bargaining, which incorporates the leapfrogging externality incorporated in firm-level bargaining, will yield lower rates of unemployment for a given rate of economic growth. The increase in labor resources will in turn also yield faster growth rates in a corporatist economy. Indeed, when unions focus on issues other than short term wage increases, they may even outperform the non-unionized economy, as they can internalize the knowledge externality through long-term wage moderation accords.
Author: Martin Zagler
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper presents an innovation driven endogenous growth model, where firms and unions bargain over wages. We find that the degree of centralization of the bargaining structure plays a crucial rule for economic performance. Central bargaining, which incorporates the leapfrogging externality incorporated in firm-level bargaining, will yield lower rates of unemployment for a given rate of economic growth. The increase in labor resources will in turn also yield faster growth rates in a corporatist economy. Indeed, when unions focus on issues other than short term wage increases, they may even outperform the non-unionized economy, as they can internalize the knowledge externality through long-term wage moderation accords.
Author: Martin Zagler
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40
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Book Description
Author: M. Zagler
Publisher: Springer
ISBN: 0230506321
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
Zagler investigates the interaction between changes in the level of unemployment and changes in the economic rate of growth. It asks, both in theory and in evidence, whether a change in the growth rate of the economy will affect the level of unemployment which the economy experiences and whether a decline in the level of unemployment will foster or deteriorate the growth performance of the economy.
Author: Toke Aidt
Publisher: Directions in Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
This book offers an extensive survey and synthesis of the economic literature on trade unions and collective bargaining and their impact on micro-and macro-economic outcomes. The authors demonstrate the effects of collective bargaining in different country settings and time periods. A comprehensive reference, this book will be of interest to students and scholars of labor policy as well as to policy makers and anyone with an interest in the economic consequences of unionism.
Author: Omar Licandro
Publisher:
ISBN:
Category : Cambio tecnico
Languages : en
Pages : 32
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Book Description
Author: Isabela Mares
Publisher: Cambridge University Press
ISBN: 1107320909
Category : Political Science
Languages : en
Pages : 203
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Book Description
Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers. The book demonstrates that the gradual growth in the fiscal burden has undermined the effectiveness of this political exchange, lowering the ability of unions' wage policies to affect employment outcomes.
Author: Raouf Boucekkine
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 40
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Book Description
Author: Fragiskos Archontakis
Publisher:
ISBN:
Category : Autoregression (Statistics)
Languages : en
Pages : 44
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Book Description
Author: Sascha O. Becker
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 44
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Book Description
Author: Edimon Ginting
Publisher: Asian Development Bank
ISBN: 9292610791
Category : Business & Economics
Languages : en
Pages : 253
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Book Description
The book focuses on Indonesia's most pressing labor market challenges and associated policy options to achieve higher and more inclusive economic growth. The challenges consist of creating jobs for and the skills in a youthful and increasingly better educated workforce, and raising the productivity of less-educated workers to meet the demands of the digital age. The book deals with a range of interrelated topics---the changing supply and demand for labor in relation to the shift of workers out of agriculture; urbanization and the growth of megacities; raising the quality of schooling for new jobs in the digital economy; and labor market policies to improve both labor standards and productivity.
