Trade Union Objectives and the Cyclical Variability of Wages and Employment
AbstractThe purpose of this paper is to investigate whether a simple monopoly union model of wage and employment determination is consistent with the cyclical movements of wages and employment observed in the Finnish manufacturing and mining sector. Estimation of the two-equation model implies that considerably less weight is placed on the variability of employment relative to that of wages in the union's objective function. The findings are consistent with the observed cyclical inflexibility of real wages relative to employment. However, because the data fail to accept certain parameter restrictions embodied in the different model specifications, the study raises doubts about the adequacy of the simple monopoly union model to explain the data generation process. Copyright 1990 by The editors of the Scandinavian Journal of Economics.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.
Volume (Year): 92 (1990)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Strifler, Matthias & Beissinger, Thomas, 2012.
"Fairness considerations in labor union wage setting: A theoretical analysis,"
FZID Discussion Papers
56-2012, University of Hohenheim, Center for Research on Innovation and Services (FZID).
- Strifler, Matthias & Beissinger, Thomas, 2012. "Fairness Considerations in Labor Union Wage Setting: A Theoretical Analysis," IZA Discussion Papers 6799, Institute for the Study of Labor (IZA).
- Persyn, Damiaan, 2008.
"Trade as a Wage Disciplining Device,"
IZA Discussion Papers
3786, Institute for the Study of Labor (IZA).
- Laszlo Goerke, 1998. "Privatization and efficiency wages," Journal of Economics, Springer, vol. 67(3), pages 243-264, October.
- Goerke, Laszlo, 2007. "Unemployment Insurance Savings Accounts and Collective Wage Determination," IZA Discussion Papers 3141, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.