Abstract

http://ssrn.com/abstract=559203
 
 

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The Quality of Labor Relations and Unemployment


Olivier J. Blanchard


National Bureau of Economic Research (NBER); Peter G. Peterson Institute for International Economics

Thomas Philippon


New York University (NYU) - Department of Finance; National Bureau of Economic Research (NBER)

June 15, 2004

MIT Department of Economics Working Paper No. 04-25

Abstract:     
In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the economic environment depend crucially on the speed of learning of unions. This speed of learning is likely to depend in turn on the quality of the dialogue that unions have with firms, on what can more generally be called the quality of labor relations. In this paper, we examine the role this quality of labor relations has played in the evolution of unemployment across European countries over the last 30 years. We conclude that it has played an important role: Countries with worse labor relations have experienced higher unemployment. This conclusion remains even after controlling for labor institutions.

Number of Pages in PDF File: 28

Keywords: Unemployment, labor relations, unions, strikes, Europe

JEL Classification: E24, J5, J64


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Date posted: June 25, 2004  

Suggested Citation

Blanchard, Olivier J. and Philippon, Thomas, The Quality of Labor Relations and Unemployment (June 15, 2004). MIT Department of Economics Working Paper No. 04-25. Available at SSRN: http://ssrn.com/abstract=559203 or http://dx.doi.org/10.2139/ssrn.559203

Contact Information

Olivier J. Blanchard (Contact Author)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Peter G. Peterson Institute for International Economics ( email )
1750 Massachusetts Avenue, NW
Washington, DC 20036
United States
Thomas Philippon
New York University (NYU) - Department of Finance ( email )
Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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