Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171433
Authors: 
Gerhartinger, Philipp
Haunschmid, Philipp
Tamesberger, Dennis
Year of Publication: 
2017
Series/Report no.: 
ICAE Working Paper Series 58
Abstract: 
This paper studies the relationship between union power, unemployment and wages. We find many theoretically well-established links suggesting that unemployment negatively affects bargaining power. As an empirical strategy we use Austrian data from 1966 until 2015 on the development of collectively bargained minimum wages. Such data directly reflects the result of a bargaining process between unions and employer organizations, and enables to show the link between bargaining power and unemployment. Moreover, it allows for further discussion on the potential influence of other macroeconomic and institutional variables, such as trade openness and union density.
Subjects: 
WAGE GROWTH
MINIMUM WAGES
UNEMPLOYMENT
UNIONS
BARGAINING POWER
Document Type: 
Working Paper

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