A NOTE OF THE IMPACTS OF PRICE SHOCKS ON WAGES IN UNIONIZED ECONOMIES

Laixun Zhao

ビジネス創造センターディスカッション・ペーパー (Discussion papers of the Center for Business Creation) from Otaru University of Commerce

Abstract: This paper shows that in the short run, following an exogenous price shock, the union wage always increases, while the competitive wage may decrease, which contrasts the case in which labor is not unionized.

Keywords: Wage Determination; Factor Returns; Price Shocks (search for similar items in EconPapers)
Pages: 5 pages
Date: 1996-05
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Published in Discussion paper series (1996), 23: 1-5

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Persistent link: https://EconPapers.repec.org/RePEc:ota:busdis:10252/4201

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