Arbeitspapier
The Political Economy of Collective Bargaining
We construct a political equilibrium in which employers and labour unions bargain over labour contracts, wage-earners and profit-earners lobby the government for taxation and labour market regulation, and labour market legislation must be accepted by the majority of voters. We show that the voters rule out profit sharing, because otherwise the government would capture all the gain. Furthermore, if it is much easier to tax wages than profits, then the government protects union power by regulation in the labour market. In such a case, the political equilibrium is characterized by strong union power and right-to-manage bargaining, which causes involuntary unemployment.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 719
Klassifikation
Wirtschaft
Thema
regulation
lobbying
collective bargaining
lobbying
collective bargaining
Ereignis
Geistige Schöpfung
(wer)
Palokangas, Tapio
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2002
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:23 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Palokangas, Tapio
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2002
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