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Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
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http://hdl.handle.net/10419/25181
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| Title: | | Union wage compression in a Right-to-Manage model  |
| Authors: | | Vogel, Thorsten |
| Issue Date: | | 2007 |
| Series/Report no.: | | SFB 649 discussion paper 2007,009 |
| Abstract: | | Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low-skilled workers. The present paper argues that an extended Right-to-Manage model can account for both of these findings. In this model unions compress the wage distribution by raising wages of workers in low productivity industries (or low-skilled workers) above market clearing levels. Our analysis suggests that the most direct way to test this model would be via a test for stochastic dominance. We also allow for capital adjustments and compare union and non-union wage distributions in a general equilibrium framework. |
| Subjects: | | Trade unions wage compression |
| JEL: | | J51 J31 J41 J21 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
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