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Union membership and employment dynamics: A note

We show that the well-known result that static union models overstate distortions caused by unionism only holds in the special case of firm-level wage setting. With centralized wage setting, however, it rather depends on both the elasticity of labor demand and union's time preference rate whether static models overrate or even underrate unions' distortions.
Year of publication:
2011
Authors: Dittrich, Marcus ; Schirwitz, Beate
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 1, p. 38-40
Publisher: Elsevier
Subject: Unions Endogenous membership Bargaining centralization
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10008866989
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