Growth Externalities, Unions, and Long-term Wage Accords

Martin Zagler ()

Economics Working Papers from European University Institute

Abstract: This paper presents an innovation driven endogenous growth model, where firms and unions bargain over wages. We find that the degree of centralization of the bargaining structure plays a crucial rule for economic performance. Central bargaining, which incorporates the leapfrogging externality incorporated in firm-level bargaining, will yield lower rates of unemployment for a given rate of economic growth.

Keywords: UNEMPLOYMENT; WAGES; LABOUR (search for similar items in EconPapers)
JEL-codes: J51 O41 (search for similar items in EconPapers)
Date: 2000

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Persistent link: http://EconPapers.repec.org/RePEc:eui:euiwps:eco2000/18

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