Cardullo, Gabriele; Sulis, Giovanni - In: IZA World of Labor (2023)
extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital …, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect … firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …