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The impact of deunionization on the growth and dispersion of productivity and pay
Industrial and Corporate Change ( IF 2.8 ) Pub Date : 2020-12-30 , DOI: 10.1093/icc/dtaa025
Giovanni Dosi 1 , Richard B Freeman 2 , Marcelo C Pereira 1, 3 , Andrea Roventini 1, 4 , Maria Enrica Virgillito 1
Affiliation  

Abstract
This article presents an Agent-Based Model (ABM) that seeks to explain the concordance of sluggish growth of productivity and of real wages found in macroeconomic statistics, and the increased dispersion of firm productivity and worker earnings found in micro level statistics in advanced economies at the turn of the 21st century. It shows that a single market process unleashed by the decline of unionization can account for both the macro- and micro-economic phenomena, and that deunionization can be modeled as an endogenous outcome of competition between high wage firms seeking to raise productive capacity and low productivity firms seeking to cut wages. The model highlights the antipodal competitive dynamics between a “winner-takes-all economy” in which corporate strategies focused on cost reductions lead to divergence in productivity and wages and a “social market economy” in which competition rewards the accumulation of firm-level capabilities and worker skills with a more egalitarian wage structure.


中文翻译:

去工会化对生产力和薪酬增长和分散的影响

摘要
本文提出了一个基于代理的模型 (ABM),旨在解释宏观经济统计中生产率增长缓慢与实际工资增长缓慢的一致性,以及发达经济体微观统计中发现的企业生产率和工人收入离散程度的增加。 21世纪之交。它表明,工会化的衰落所引发的单一市场过程可以解释宏观经济和微观经济现象,而且去工会化可以被建模为寻求提高生产能力和低生产率的高工资公司之间竞争的内生结果寻求削减工资的公司。
更新日期:2020-12-30
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