Unemployment, Real Wages and Union Membership

Christoph Schmidt and Klaus Zimmermann ()

No 801, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper investigates economic determinants and effects of aggregate union membership in the Federal Republic of Germany. We establish that in the long run, high union membership levels coincide not only with a large labour force, but also with a high level of real wages, a small dispersion of wages, and with a relatively large share of aggregate income going to workers. In the short run, union membership dynamics are mainly driven by changes in unemployment. In turn, changes in union membership cause none of the dynamics of other economic aggregates.

Keywords: Centralization; Cointegration; Unemployment; Union Membership; Unions (search for similar items in EconPapers)
JEL-codes: E24 J51 (search for similar items in EconPapers)
Date: 1993-07
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