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Uncertainty, Unions and the Theory of Public Sector Labour Markets

Author

Listed:
  • Andrew J Oswald

    (University of Oxford and Princeon University)

  • Paul A Grout

    (University of Birmingham)

  • David T Ulph

    (Bristol University)

Abstract
Although public sector unionism is growing throughout the industrialized nations, and there is widespread interest in the question of how such labor markets operate, little theoretical work has been done on these problems. The paper develops a two sector general equilibrium model in which a government and a public sector union together negotiate an efficient contract. Public sector wages turn out to be sticky compared to those in the private sector, and there is over-employment in the publicly run half of the economy. The model's features are rather different from those in the private contract literature. Extensions of the model to include union-run insurance, endogenous membership, missing capital markets and public goods are also considered.

Suggested Citation

  • Andrew J Oswald & Paul A Grout & David T Ulph, 1984. "Uncertainty, Unions and the Theory of Public Sector Labour Markets," Working Papers 556, Princeton University, Department of Economics, Industrial Relations Section..
  • Handle: RePEc:pri:indrel:176
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    File URL: https://dataspace.princeton.edu/bitstream/88435/dsp01zw12z529m/1/176.pdf
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    Citations

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    Cited by:

    1. Gonzalo Fernández-de-Córdoba & Javier Pérez & José Torres, 2012. "Public and private sector wages interactions in a general equilibrium model," Public Choice, Springer, vol. 150(1), pages 309-326, January.
    2. Holmlund, Bertil, 1993. "Wage setting in private and public sectors in a model with endogenous government behavior," European Journal of Political Economy, Elsevier, vol. 9(2), pages 149-162, May.
    3. Gonzalo F. de-Córdoba & Benedetto Molinari & José L. Torres, 2021. "Public Debt Frontier: A Python Toolkit for Analyzing Public Debt Sustainability," Sustainability, MDPI, vol. 13(23), pages 1-25, November.
    4. Gonzalo F. de-Córdoba & José L. Torres, 2016. "Public debt frontiers: The Greek case," Working Papers 2016-03, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    5. Gonzalo F. de-Córdoba & Benedetto Molinari & José L. Torres, 2018. "Public Debt Frontier. A toolkit for analyzing fiscal policy and debt sustainability," Working Paper series 18-36, Rimini Centre for Economic Analysis.
    6. Vasilev, Aleksandar, 2013. "Essays on Real Business Cycle Modeling and the Public Sector," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 130522, September.

    More about this item

    Keywords

    unions; public sector;

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools

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