Unionisation, Unemployment and Economic growth

Doan Hong Quang and Neil Vousden

International and Development Economics Working Papers from International and Development Economics

Abstract: This paper employs a simple overlapping generations endogenous growth model with an R&D sector to establish a link between union bargaining power, long-run unemployment and long-run growth. The model consists of a competitive final goods sector, two intermediate goods sectors, one competitive and the other a monopoly and a competitive R&D sector. Increased union bargaining power in the monopolized intermediate-goods sector is shown to increase wages and unemployment in the sector and reduce the economy’s long-run growth rate. This result is shown to hold for both closed- and open-shop unions.

JEL-codes: D71 L19 O49 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2002
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Citations: View citations in EconPapers (3)

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