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http://hdl.handle.net/10419/20636
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| Title: | | Earnings-Related Unemployment Benefits in a Unionised Economy  |
| Authors: | | Madsen, Jakob B. Goerke, Laszlo |
| Issue Date: | | 2003 |
| Series/Report no.: | | IZA Discussion paper series 701 |
| Abstract: | | We show that a stronger earnings relationship of unemployment compensation reduces wages and increases employment in an economy in which wages are determined by a trade union that maximises the rent from unionisation. The opposite result applies for a utilitarian union. Using manufacturing and non-manufacturing data for 16 OECD countries, estimates suggest that a 10% increase in the earnings relationship is associated with a 1.9% fall in manufacturing wages, a 0.6% reduction in non-manufacturing wages and a 7.3% reduction in unemployment. |
| Subjects: | | earnings relationship OECD panel data trade union unemployment unemployment benefits |
| JEL: | | E24 J51 J65 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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