Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125424
Authors: 
Sulis, Giovanni
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 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, and the existence of social pacts, among other factors.
Subjects: 
unions
coverage
collective bargaining
investment
R&D
sunk capital
JEL: 
J51
J52
E22
L60
Persistent Identifier of the first edition: 
Document Type: 
Article

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