Arbeitspapier

Trade Union Objectives and Economic Growth

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.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 551

Klassifikation
Wirtschaft
Thema
Trade union
overlapping generations
factor shares
endogenous technical change
employment

Ereignis
Geistige Schöpfung
(wer)
Irmen, Andreas
Wigger, Berthold
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2001

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Irmen, Andreas
  • Wigger, Berthold
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2001

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