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The effect of globalization on union bargaining and price-cost margins of firms
[Zeitschriftenartikel]
Abstract In recent years, Europe has witnessed an accelerated process of economic integration. This paper analyzes how increased economic integration has affected labor and product markets. We use a panel of Belgian manufacturing firms to estimate price-cost margins and union bargaining power and show how va... mehr
In recent years, Europe has witnessed an accelerated process of economic integration. This paper analyzes how increased economic integration has affected labor and product markets. We use a panel of Belgian manufacturing firms to estimate price-cost margins and union bargaining power and show how various measures of globalization affect them. Import competition puts pressure on both markups and union bargaining power, especially when there is increased competition from low wage countries. This suggests that increased globalization is associated with a moderation of wage claims in unionized countries, which should be associated with positive effects on employment.... weniger
Klassifikation
Volkswirtschaftslehre
Arbeitsmarktforschung
Freie Schlagwörter
Markups; Trade unions; International trade; F16; J50; L13
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 13-36
Zeitschriftentitel
Review of World Economics, 145 (2009) 1
DOI
https://doi.org/10.1007/s10290-009-0003-8
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)