@misc{Victor2019,
  type      = {Master Thesis},
  author    = {Victor, Vincent},
  title     = {The Role of Bargaining Power},
  series = {Potsdam Economic Papers},
  journal   = {Potsdam Economic Papers},
  number    = {6},
  publisher = {Universit{\"a}tsverlag Potsdam},
  address   = {Potsdam},
  isbn      = {978-3-86956-449-4},
  issn      = {2197-8069},
  doi       = {10.25932/publishup-42068},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-420689},
  school      = {Universit{\"a}t Potsdam},
  year      = {2019},
  abstract  = {Neoclassical theory omits the role of bargaining power in the determination of wages. As a result, the importance of changes in the bargaining position for the development of income shares in the last decades is underestimated. This paper presents a theoretical argument why collective bargaining power is a main determinant of workers' share of income and how its decline contributed to the severe changes in the distribution of income since the 1980s. In order to confirm this hypothesis, a panel data regression analysis is performed that suggests that unions significantly influence the distribution of income in developed countries.},
  language  = {en}
}