Refine
Has Fulltext
- yes (1)
Year of publication
- 2019 (1)
Document Type
- Master's Thesis (1)
Language
- English (1)
Is part of the Bibliography
- yes (1)
Keywords
- Tarifverhandlungen (1) (remove)
Institute
- Wirtschaftswissenschaften (1) (remove)
The Role of Bargaining Power
(2019)
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.