Union, efficiency of labour and endogenous growth
Article Type
Research Article
Publication Title
Hitotsubashi Journal of Economics
Abstract
This paper investigates the growth effect of unionization, with a special focus on the 'Efficiency Wage Hypothesis' and on the human capital formation financed publicly by taxation. The employment level becomes independent of the public policy parameters and of the labour market institution parameters when the government chooses the growth rate maximizing tax rate. The growth effect of unionisation is found to be independent of the labour union's orientation in its preference structure. It depends on the net efficiency of the worker. The growth effect of unionisation is different from the corresponding welfare effect.
First Page
170
Last Page
202
DOI
10.15057/hje.2020008
Publication Date
12-1-2020
Recommended Citation
Bhattacharyya, Chandril and Gupta, Manash Ranjan, "Union, efficiency of labour and endogenous growth" (2020). Journal Articles. 22.
https://digitalcommons.isical.ac.in/journal-articles/22