UNION WAGE COMPRESSION AND SKILL ACQUISITION
ABSTRACT In this paper, I examine the relationship between unionisation and total output in an economy with a dual labour market, heterogeneous agents, and human capital investment. My primary focus is the skill acquisition channel, through which unionization affects total output. I theoretically de...
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| Veröffentlicht in: | Bulletin of economic research 2019-07, Vol.71 (3), p.313-341 |
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| creator | Aksoy, Tolga |
| description | ABSTRACT
In this paper, I examine the relationship between unionisation and total output in an economy with a dual labour market, heterogeneous agents, and human capital investment. My primary focus is the skill acquisition channel, through which unionization affects total output. I theoretically demonstrate that the skill premium, and thus human capital investment, is determined by the prevalence of unions in high‐ or low‐skill‐intensive sectors. In particular, if a low (high)‐skill sector is unionised, then the skill premium is higher (lower), ensuring a larger (smaller) high‐skill sector, irrespective of the unions bargaining power. To test this hypothesis, I also empirically investigate the effects of unionisation on total productivity. The results indicate that through the reallocation of labour, unionisation induces an expansion of high‐skill‐intensive sectors, while low‐skill‐intensive sectors contract. |
| doi_str_mv | 10.1111/boer.12176 |
| format | Article |
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In this paper, I examine the relationship between unionisation and total output in an economy with a dual labour market, heterogeneous agents, and human capital investment. My primary focus is the skill acquisition channel, through which unionization affects total output. I theoretically demonstrate that the skill premium, and thus human capital investment, is determined by the prevalence of unions in high‐ or low‐skill‐intensive sectors. In particular, if a low (high)‐skill sector is unionised, then the skill premium is higher (lower), ensuring a larger (smaller) high‐skill sector, irrespective of the unions bargaining power. To test this hypothesis, I also empirically investigate the effects of unionisation on total productivity. The results indicate that through the reallocation of labour, unionisation induces an expansion of high‐skill‐intensive sectors, while low‐skill‐intensive sectors contract.</description><identifier>ISSN: 0307-3378</identifier><identifier>EISSN: 1467-8586</identifier><identifier>DOI: 10.1111/boer.12176</identifier><language>eng</language><publisher>Oxford: Blackwell Publishing Ltd</publisher><subject>Capital investments ; dual labour market ; E24 ; Economic models ; Human capital ; J24 ; J31 ; J51 ; Labor market ; occupational choice ; Power ; Productivity ; Unionization ; unions</subject><ispartof>Bulletin of economic research, 2019-07, Vol.71 (3), p.313-341</ispartof><rights>2018 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd</rights><rights>2019 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c2936-a8fb5ddef031ed61ff68814d4cff169247d1072b298f00ed326523bab97a36fe3</cites><orcidid>0000-0003-0833-8543</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fboer.12176$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fboer.12176$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1416,27923,27924,45573,45574</link.rule.ids></links><search><creatorcontrib>Aksoy, Tolga</creatorcontrib><title>UNION WAGE COMPRESSION AND SKILL ACQUISITION</title><title>Bulletin of economic research</title><description>ABSTRACT
In this paper, I examine the relationship between unionisation and total output in an economy with a dual labour market, heterogeneous agents, and human capital investment. My primary focus is the skill acquisition channel, through which unionization affects total output. I theoretically demonstrate that the skill premium, and thus human capital investment, is determined by the prevalence of unions in high‐ or low‐skill‐intensive sectors. In particular, if a low (high)‐skill sector is unionised, then the skill premium is higher (lower), ensuring a larger (smaller) high‐skill sector, irrespective of the unions bargaining power. To test this hypothesis, I also empirically investigate the effects of unionisation on total productivity. The results indicate that through the reallocation of labour, unionisation induces an expansion of high‐skill‐intensive sectors, while low‐skill‐intensive sectors contract.</description><subject>Capital investments</subject><subject>dual labour market</subject><subject>E24</subject><subject>Economic models</subject><subject>Human capital</subject><subject>J24</subject><subject>J31</subject><subject>J51</subject><subject>Labor market</subject><subject>occupational choice</subject><subject>Power</subject><subject>Productivity</subject><subject>Unionization</subject><subject>unions</subject><issn>0307-3378</issn><issn>1467-8586</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><recordid>eNp9kE1LxDAQhoMoWFcv_oKCN7FrJkmT9FhrXYu11e0Wj6EfCeyy2jV1kf33ttazcxl4ed4ZeBC6BDyHYW7rTts5EBD8CDnAuPCkL_kxcjDFwqNUyFN01vcbjDEHwRx0U2ZJnrlv4SJ2o_z5ZRkXxRiE2b1bPCVp6obRa5kUyWpIz9GJqba9vvjbM1Q-xKvo0UvzRRKFqdeQgHKvkqb221YbTEG3HIzhUgJrWWMM8IAw0QIWpCaBNBjrlhLuE1pXdSAqyo2mM3Q13d3Z7nOv-y-16fb2Y3ipCPEJ4YxJPFDXE9XYru-tNmpn1--VPSjAarShRhvq18YAwwR_r7f68A-p7vJ4OXV-AIwWXFc</recordid><startdate>201907</startdate><enddate>201907</enddate><creator>Aksoy, Tolga</creator><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0003-0833-8543</orcidid></search><sort><creationdate>201907</creationdate><title>UNION WAGE COMPRESSION AND SKILL ACQUISITION</title><author>Aksoy, Tolga</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c2936-a8fb5ddef031ed61ff68814d4cff169247d1072b298f00ed326523bab97a36fe3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Capital investments</topic><topic>dual labour market</topic><topic>E24</topic><topic>Economic models</topic><topic>Human capital</topic><topic>J24</topic><topic>J31</topic><topic>J51</topic><topic>Labor market</topic><topic>occupational choice</topic><topic>Power</topic><topic>Productivity</topic><topic>Unionization</topic><topic>unions</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Aksoy, Tolga</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Bulletin of economic research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Aksoy, Tolga</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>UNION WAGE COMPRESSION AND SKILL ACQUISITION</atitle><jtitle>Bulletin of economic research</jtitle><date>2019-07</date><risdate>2019</risdate><volume>71</volume><issue>3</issue><spage>313</spage><epage>341</epage><pages>313-341</pages><issn>0307-3378</issn><eissn>1467-8586</eissn><abstract>ABSTRACT
In this paper, I examine the relationship between unionisation and total output in an economy with a dual labour market, heterogeneous agents, and human capital investment. My primary focus is the skill acquisition channel, through which unionization affects total output. I theoretically demonstrate that the skill premium, and thus human capital investment, is determined by the prevalence of unions in high‐ or low‐skill‐intensive sectors. In particular, if a low (high)‐skill sector is unionised, then the skill premium is higher (lower), ensuring a larger (smaller) high‐skill sector, irrespective of the unions bargaining power. To test this hypothesis, I also empirically investigate the effects of unionisation on total productivity. The results indicate that through the reallocation of labour, unionisation induces an expansion of high‐skill‐intensive sectors, while low‐skill‐intensive sectors contract.</abstract><cop>Oxford</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/boer.12176</doi><tpages>29</tpages><orcidid>https://orcid.org/0000-0003-0833-8543</orcidid></addata></record> |
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| language | eng |
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| source | Business Source Complete; Wiley Online Library All Journals |
| subjects | Capital investments dual labour market E24 Economic models Human capital J24 J31 J51 Labor market occupational choice Power Productivity Unionization unions |
| title | UNION WAGE COMPRESSION AND SKILL ACQUISITION |
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