Unionized labor markets and globalized capital markets
Unionized labor markets and globalized capital markets
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工会化的劳动力市场和全球化的资本市场
DOI:
10.1016/j.jinteco.2009.02.007
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发表时间:
2009
影响因子:
3.3
通讯作者:
Teresa Lloyd
中科院分区:
文献类型:
--
作者:
Marta Aloi;Manuel Leite;Teresa Lloyd
This paper studies the effects of international integration of capital markets in a world where countries differ in their labor market institutions: one country has a perfectly competitive labor market while the other is unionized. We show that workers should favor autarky in the unionized country, but oppose it in the non unionized country and vice versa for owners of capital. Aggregate gains from integration, however, are negative. We also show that, under capital mobility, an increase in relative bargaining power of unions does not always improve workers' welfare.