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.
- Language
-
Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 551
- Classification
-
Wirtschaft
- Subject
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Trade union
overlapping generations
factor shares
endogenous technical change
employment
- Event
-
Geistige Schöpfung
- (who)
-
Irmen, Andreas
Wigger, Berthold
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Irmen, Andreas
- Wigger, Berthold
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2001
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