CEU Electronic Theses and Dissertations, 2014
| Author | Torres, Nicolas Francisco |
|---|---|
| Title | The role of labor unions and collective bargaining in labor markets: correction of market imbalances and redistribution of wealth |
| Summary | Labor markets play a crucial role distributing income among societies’ members. In labor markets, the interaction between capital owners and workers determine the allocation of the national product as profit and wages respectively. But this interaction does not happen in equal conditions, thus outcome is not allocated in an efficient and fair way. Imbalances in the bargaining power and disparities regarding the information lead to a lack of competitiveness. Collective bargaining and unionization can correct these inherent imbalances, improving income distribution equality and productivity. Some argue that labor market work properly without requiring any labor institution. However, the evidence collected through this research proves the contrary: improving collective bargaining coverage, and higher degrees of centralization and unionization leads into better indexes regarding inequality in income distribution and higher degrees of productivity. Collective bargaining also contributes to socio-political stability. In this regard, Chile is a particularly interesting case addressed by this research. The country is member of the OECD and present the lowest rates of unionization, collective bargaining coverage and the worst Gini index of the group. This research analyzes the Chilean case, proposing labor policies to improve collective bargaining. |
| Supervisor | Kahanec, Martin |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2014/torres_nico.pdf |
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