The Role of Bargaining Power

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.

Level thesis:degree_level

master

Grantor dc:publisher

Universität Potsdam

Year

2018

Author dc:creator

• Victor, Vincent

• income distribution
• bargaining power
• wages
• collective bargaining
• unions
• macroeconomics
• Einkommensverteilung
• Verhandlungsmacht
• Löhne
• Tarifverhandlungen
• Gewerkschaften
• Makröökonomie

Statement dc:rights

• CC-BY - Namensnennung 4.0 International

Repository record source_url

https://publishup.uni-potsdam.de/frontdoor/index/index/docId/42068

OAI identifier oai:identifier

oai:kobv.de-opus4-uni-potsdam:42068