When union’s activity matter: The impact of union centralization on economic growth in OECD countries
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2021
- handle: 10670/1.mglgfh
- hal: hal-03098123
- doi: 10.1080/00036846.2020.1861207
- WOS: 000604365900001
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info:eu-repo/semantics/altIdentifier/doi/10.1080/00036846.2020.1861207
http://creativecommons.org/licenses/by-nc-nd/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Bargaining indicators Economic growth Union centralization Wage bargaining J - Labor and Demographic Economics/J.J5 - Labor–Management Relations, Trade Unions, and Collective Bargaining/J.J5.J51 - Trade Unions: Objectives, Structure, and Effects O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O40 - General O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O43 - Institutions and GrowthSujets proches
Economic growth Growth, Economic Development, EconomicCiter ce document
Phu Nguyen-Van et al., « When union’s activity matter: The impact of union centralization on economic growth in OECD countries », HAL-SHS : économie et finance, ID : 10.1080/00036846.2020.1861207
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Résumé
It is nowadays accepted that labour market institutions matter in economic development. However, empirical studies on unions’ effect are not univocal. We provide new insight into the impact of unions on the long-run performance of industrialized economies using an indicator of union centralization. Relying on a recent panel dataset of OECD countries, we estimate a growth equation and show that a high degree of union centralization can be harmful to growth. This effect is not driven by economic channels (such as private investment, human capital and research and development) but appears to be related to a direct effect of unions on the growth process.