IDEAS home Printed from https://ideas.repec.org/p/kud/kuiedp/9502.html
   My bibliography  Save this paper

Labour Unions, Capital Accumulation, and the Natural Rate of Unemployment

Author

Listed:
  • Claus Thustrup Hansen

    (Institute of Economics, University of Copenhagen)

Abstract

This paper develops a dynamic general equilibrium model combining standard theory of labour unions and capital accumulation. Comparison of results stemming from labour unions and perfect competition in the labour market shows that predictions regarding growth rates during transition are independent of the labour market institution. However, levels of capital, production, and consumption are proportionally lower at all points in time, if workers are organized in unions. Contrary to other dynamic models unemployment exists in steady state and is constant over time. Contrary to standard union theory real wages are independent of unemployment benefits and type of labour market institution.

Suggested Citation

  • Claus Thustrup Hansen, 1995. "Labour Unions, Capital Accumulation, and the Natural Rate of Unemployment," Discussion Papers 95-02, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9502
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kud:kuiedp:9502. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Hoffmann (email available below). General contact details of provider: https://edirc.repec.org/data/okokudk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.