Social Sciences
4 years ago

Strong unions in regulated industries impact wage bargaining and regulatory contracts.

Memorandum (Institute of Pacific Relations American Council)
Regulation and Wage Bargaining
Dag Morten Dalen, N.-H.M. von der Fehr, Espen R. Moen

Paper Summary

The article explores how wages are influenced by regulations in industries with strong labor unions. The researchers investigate the impact of endogenously determined wages on regulatory contracts. The findings suggest that when wages are determined through firm-level bargaining, the effects on regulatory contracts are uncertain.

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