Testing Employment Determination in Unionised Economies as a Repeated Game |
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Authors: | Sara De la Rica & Marìa Paz Espinosa |
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Institution: | Universidad del Paìs Vasco, Bilbao, Spain |
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Abstract: | This paper is an empirical analysis of alternative bargaining theories of wage and employment determination. Using data from manufacturing sectors of the Spanish economy, we find that unions and firms are not myopic and take dynamic considerations into account in the bargaining process. This work is an empirical test of the bargaining model in Espinosa and Rhee (1989) and provides support for their conclusions. |
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