Unions, wages and productivityThe Spanish Case, 1981–2000

  1. B. Sánchez-Robles 1
  2. N. Sánchez-Sánchez 1
  1. 1 Universidad de Cantabria
    info

    Universidad de Cantabria

    Santander, España

    ROR https://ror.org/046ffzj20

Book:
Essays on microeconomics and industrial organisation
  1. Pablo Coto-Millán (coord.)

Publisher: Physica-Verlag

ISBN: 3-7908-1390-7 9783790801040

Year of publication: 2002

Pages: 277-295

Type: Book chapter

DOI: 10.1007/978-3-7908-2670-8_19 DIALNET GOOGLE SCHOLAR

Abstract

The labor market is a crucial institution in any economy. It supplies firms with one of the inputs in the production process, labor. Moreover, it allows potential employees to find a job in accord with their preferences and skills. The smooth functioning of the labor market is thus a key piece in order for economic resources to be allocated efficiently. The performance of the labor market has also implications for relevant macroeconomic variables such as productivity, the unemployment rate or inflation.