Imperfect goods and labor markets, and the union wage gap |
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Authors: | Helge Sanner |
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Institution: | 1. Department of Economics, University of Potsdam, August-Bebel-Stra?e 89, 14482, Potsdam, Germany
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Abstract: | Existing theoretical literature fails to explain satisfactorily the differences between the pay of workers who are covered
by collective agreements and others who are not. This study aims at providing a model framework that is amenable to an analysis
of this issue. Our general-equilibrium approach integrates a dual labor market and a two-sector product market. The results
suggest that the so-called “union wage gap” is largely determined by the degree of centralization of the bargains and, to
a somewhat lesser extent, by the expenditure share of the unionized sector's goods.
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Keywords: | Wage differentials Dual labor market Monopolistic competition |
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