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Identifier to cite or link to this item: https://doi.org/10.15057/hje.2020008
Identifier to cite or link to this item: https://hdl.handle.net/10086/70498

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Title
Union, Efficiency of Labour and Endogenous Growth
Creator
Creator Name
Bhattacharyya, Chandril Bhattacharyya, Chandril
Affiliation
Affiliation Name
Centre for Development Studies
Creator Name
Gupta, Manash Ranjan Gupta, Manash Ranjan
Affiliation
Affiliation Name
Indian Statistical Institute
Key Word
labour union
efficiency wage hypothesis
human capital formation
income tax
endogenous growth
JEL
J51
O41
J31
J24
H52
H21
Abstract
This paper investigates the growth effect of unionization, with a special focus on the ʻEfficiency Wage Hypothesisʼ and on the human capital formation financed publicly by taxation. The employment level becomes independent of the public policy parameters and of the labour market institution parameters when the government chooses the growth rate maximizing tax rate. The growth effect of unionisation is found to be independent of the labour unionʼs orientation in its preference structure. It depends on the net efficiency of the worker. The growth effect of unionisation is different from the corresponding welfare effect.
Publisher
Hitotsubashi University
Issued Date
2020-12
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/hje.2020008
ISSN
2436-097X
NCID
AA12909202
Source Title
Hitotsubashi Journal of Economics
Volume Number
61
Issue Number
2
Page Start
170
Page End
202
Appears in Collections
Vol. 61, no. 2 (Dec. 2020)
URL
https://hdl.handle.net/10086/70498