TY  - RPRT
        AU  - Goerke, Laszlo
AU  - Madsen, Jakob B.
        TI  - Earnings-Related Unemployment Benefits in a Unionised Economy
        PY  - 2003/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 701
        UR  - https://www.iza.org/index.php/publications/dp701
        AB  - We show that a stronger earnings relationship of unemployment compensation reduces
wages and increases employment in an economy in which wages are determined by a trade
union that maximises the rent from unionisation. The opposite result applies for a utilitarian
union. Using manufacturing and non-manufacturing data for 16 OECD countries, estimates
suggest that a 10% increase in the earnings relationship is associated with a 1.9% fall in
manufacturing wages, a 0.6% reduction in non-manufacturing wages and a 7.3% reduction in
unemployment.
        KW  - unemployment benefits
KW  - unemployment
KW  - trade union
KW  - panel data
KW  - OECD
KW  - earnings relationship
        ER  -