A Dynamic Model of Union Membership and Employment: A Comment

Juin‐jen Chang · Ching‐chong Lai · Wen‐Ya Chang

3 citations0/0 files storedEconomica

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Labor Movements and Unions Labor market dynamics and wage inequality Economic Theory and Policy

Abstract

This paper re‐examines the dynamic features and the long‐run effects of raising interest rates on union membership and employment in the Jones–McKenna (1994) model. Two major findings emerge from the analysis. First, the dynamic system of Jones and McKenna’s model exhibits saddlepoint stability, rather than global stability. Second, when the economy experiences a rise in interest rate, union membership will eventually converge to a higher level.

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References

1980A Theory of Social Custom, of Which Unemployment May be One Consequence 1996Methods of macroeconomic dynamics 1985The Free Rider Problem and a Social Custom Model of Trade Union Membership 1984Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples 1993REPUTATION, MEMBERSHIP AND WAGES IN AN OPEN SHOP TRADE UNION 1987A Dynamic Model of Trade Union Behaviour 1994A Dynamic Model of Union Membership and Employment 1987Union membership and employment dynamics

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2014Declining Union Membership and the Reduction of Union Representation In the Workplace

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