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https://hdl.handle.net/10316/11753
Title: | Does the Quality of Industrial Relations Matter for the Macro Economy? A Cross-Country Analysis Using Strikes Data | Authors: | Addison, John T. Teixeira, Paulino |
Keywords: | Strike rate/volume; Quality of labor relations; Labor market institutions; Unemployment | Issue Date: | 2006 | Publisher: | FEUC. Grupo de Estudos Monetários e Financeiros | Citation: | Estudos do GEMF. 2 (2006) | Abstract: | Using international data, we investigate whether the quality of industrial relations matters for the macro economy. We measure industrial relations inversely by strikes – which proxy we cross-check with an industrial relations reputation indicator – and our macro performance outcome is the unemployment rate. Independent of the role of other institutions, good industrial relations do seem to matter: greater strike volume is associated with higher unemployment. Holding country effects constant, however, the sign of the variable is reversed. This fixed-effects result likely picks up a direct effect of strikes, namely, their tendency to rise when striking becomes more attractive to the union. | URI: | https://hdl.handle.net/10316/11753 | Rights: | openAccess |
Appears in Collections: | FEUC- Vários |
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Does the Quality of Industrial Relations Matter for the Macro Economy.pdf | 665.25 kB | Adobe PDF | View/Open |
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