Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75784
Authors: 
Irmen, Andreas
Wigger, Berthold
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 551
Abstract: 
A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an overlapping generations framework with unionized labor. Considering a monopoly union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate technology so that the union's policy spurs per capita income growth and increases welfare of all generations that adhere to the union.
Subjects: 
Trade union
overlapping generations
factor shares
endogenous technical change
employment
Document Type: 
Working Paper

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