Unions and the persistence of shocks to employment

Linus Yamane

Journal of Macroeconomics, 1993, vol. 15, issue 4, 805-827

Abstract: Using both a parametric and a non-parametric measure of persistence, this paper examines the persistence of shocks to U.S. employment at the state-sector level. Shocks to employment are found to be more persistent in the less unionized labor markets. Shocks to employment are also observed to have become more and more persistent during the post-war period as unionization rates have fallen. The actual direction of causality was tested by an examination of employment in states with right-to-work laws. The paper rejects an implication of the insider-outsider theory.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:15:y:1993:i:4:p:805-827

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