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Trade Union Density and Inflation Performance: Evidence from OECD Panel Data.

Abstract:

This paper examines the impact of union membership rates on inflation in OECD countries. A positive effect of union density is estimated, even after controlling for fixed effects and time dummies. Additional institutional characteristics, for example union coordination, employment protection laws and central bank independence, do not affect inflation directly in a panel setting, but do influence the size of the unionization coefficient via interaction terms. The results are robust to controll...

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Volume:
9
Series:
"Marco Fanno" working papers
Publication date:
2005-11-05
URN:
uuid:17fa209e-8efb-4c9a-9f7d-955c799f443a
Local pid:
oai:economics.ouls.ox.ac.uk:12591
Language:
English

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