The labor market effects of trade unions in an open economy: Layard meets Melitz

Autor: Marco de Pinto, Jochen Michaelis
Rok vydání: 2014
Předmět:
Zdroj: International Economics and Economic Policy. 13:223-232
ISSN: 1612-4812
1612-4804
DOI: 10.1007/s10368-014-0301-z
Popis: Trade unions are typically able to convert their industrial power into political power. We show that, depending on the constellation of parameters, stronger trade unions may improve welfare in terms of an increase in aggregate employment and output if they successfully lobby for lower trade barriers set by the government.
Databáze: OpenAIRE