TRADE UNIONS, UNEMPLOYMENT, ECONOMIC GROWTH, AND INCOME INEQUALITY

In this paper, unemployment, growth, and income inequality are interdependent and endogenously determined in a unified model of a trade union. Analytically, we show that the effective labor force exhibits an intensive margin response, in the sense that in response to higher unionization the number o...

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Veröffentlicht in:	Macroeconomic dynamics 2016-01, Vol.20 (1), p.404-428
Hauptverfasser:	Chang, Juin-jen, Hung, Hsiao-wen
Format:	Artikel
Sprache:	eng
Schlagworte:	Collective bargaining Developing countries Economic conditions Economic growth Economic models Economic theory Employment Equilibrium Growth rate Income inequality Labor force Labor unions LDCs Macroeconomics Productivity Studies Unemployment Unionization Wage differential Wages & salaries Workers Working hours
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