Abstract
In this section we will analyse the impact of union wage bargaining when the union covers low-skilled labour and low-skilled labour is only employed in the manufacturing sector. So from the set up, this model is rather close to Palokangas (1996) and (2000)1 and to the in the preceding section presented schumpeterian growth model. Interestingly enough the results of this section reproduce more or less the results shown in the schumpeterian growth model. This is due to the well known fact that the structure of the two R&D growth models is very much the same and so the results which hold for the schumpeterian model in general also hold for the expanding product variety type (see, Grossman and Helpman (1991)).
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© 2004 Springer-Verlag Berlin Heidelberg
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Lingens, J. (2004). One Sector Bargaining. In: Union Wage Bargaining and Economic Growth. Lecture Notes in Economics and Mathematical Systems, vol 542. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-17017-1_12
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DOI: https://doi.org/10.1007/978-3-642-17017-1_12
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-21522-6
Online ISBN: 978-3-642-17017-1
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