Unions and investment in intangible capital

Giovanni Sulis () and Gabriele Cardullo

IZA World of Labor, 2023, No 201v2, 201

Abstract: Although coverage of collective bargaining agreements has been declining for decades in most countries, it is still extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages and employment, the quality of labor-management relations, the structure of corporate governance, and the existence of social pacts, among other factors.

Keywords: unions; coverage; collective bargaining; investment; R&D; sunk capital (search for similar items in EconPapers)
JEL-codes: E22 J51 J52 L60 (search for similar items in EconPapers)
Date: 2023
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Related works:
Journal Article: Unions and investment in intangible capital (2015)
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