Earnings-related unemployment benefits and unemployment |
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| Institution: | 1. Materials Science and Technology Division, Oak Ridge National Laboratory, 1 Bethel Valley Rd, Oak Ridge, TN 37831, USA;2. Los Alamos National Laboratory, Materials Science and Technology Division, P.O. Box 1663, Los Alamos, NM 87545, USA;3. Department of Physics, Colorado School of Mines, 1500 Illinois St., Golden, CO 80401, USA;4. Advanced Steel Processing and Products Research Center, Colorado School of Mines, 1500 Illinois St., Golden, CO 80401, USA |
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| Abstract: | We show that a stronger earnings relationship of unemployment compensation reduces wages and increases employment in an economy in which wages are determined by a trade union that maximises the rent from unionisation. The opposite result applies for a utilitarian union. Using manufacturing and non-manufacturing data for 16 OECD countries, estimates suggest that a 10% increase in the earnings relationship is associated with a 1.9% fall in manufacturing wages, a 0.6% reduction in non-manufacturing wages and a 7.3% reduction in unemployment. |
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