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摘要
En 中文
This article develops a search theory of labour unions in which the possibility of unionization distorts the behaviour of non-union firms. In the model, unions arise endogenously through a majority election within firms. As union wages are set through a collective bargaining process, unionization compresses wages and lowers profits. To prevent unionization, non-union firms over-hire high-skill workers-who vote against the union-and under-hire low-skill workers-who vote in its favour. As a consequence of this distortion in hiring, firms that are threatened by unionization hire fewer workers, produce less and pay a more concentrated distribution of wages. In the calibrated economy, the threat of unionization has a significant negative impact on aggregate output, but it also reduces wage inequality.
Keyword:
Labor unions
Trade unions
Macroeconomic impact of unions
Inequality
Workplace conflict
Strike
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论文数:
2.5K
被引数:
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