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Unionisation, Unemployment and Economic growth

Author

Listed:
  • Doan Hong Quang
  • Neil Vousden

Abstract

This paper employs a simple overlapping generations endogenous growth model with an R&D sector to establish a link between union bargaining power, long-run unemployment and long-run growth. The model consists of a competitive final goods sector, two intermediate goods sectors, one competitive and the other a monopoly and a competitive R&D sector. Increased union bargaining power in the monopolized intermediate-goods sector is shown to increase wages and unemployment in the sector and reduce the economy’s long-run growth rate. This result is shown to hold for both closed- and open-shop unions.

Suggested Citation

  • Doan Hong Quang & Neil Vousden, 2002. "Unionisation, Unemployment and Economic growth," International and Development Economics Working Papers idec02-10, International and Development Economics.
  • Handle: RePEc:idc:wpaper:idec02-10
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    File URL: https://crawford.anu.edu.au/degrees/idec/working_papers/IDEC02-10.pdf
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    Cited by:

    1. Luca Gori & Luciano Fanti, 2009. "Right-to-manage unions endogenous growth and welfare," Economics Bulletin, AccessEcon, vol. 29(2), pages 903-917.
    2. Lucas Bretschger & Karen Pittel, 2005. "Innovative Investments, Natural Resources and Intergenerational Fairness: Are Pension Funds Good for Sustainable Development?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 141(III), pages 355-376, September.

    More about this item

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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