English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The effect of labor market institutions on the unemployment rate has been widely studied in macroeconomic dynamics. Union influence is one of the most important issues in the labor market institutions. Thus, this study investigates the effects of union influence on wages with regard to employment dynamics using an overlapping generations model with closed economy. We assume a wage setting equation that is discussed in the existing literature and we consider an economy in which unemployment exists. The model shows that high upward pressure on wages leads to low employment rates not only in the steady state but also on the equilibrium path.

Union Influence on Wage and Change in Employment Rate in an Overlapping Generations Economy