TY  - RPRT
        AU  - Addison, John T.
AU  - Teixeira, Paulino
        TI  - Does the Quality of Industrial Relations Matter for the Macro Economy? A Cross-Country Analysis Using Strikes Data
        PY  - 2006/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1968
        UR  - https://www.iza.org/publications/dp1968
        AB  - 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.
        KW  - quality of labor relations
KW  - strike rate/volume
KW  - labor market institutions
KW  - unemployment
        ER  -