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The political economy of strikes

Publikation: Bidrag til bog/antologi/rapport/proceedingBidrag til bog/antologiForskningpeer review

The macro data for industrial conflicts have a strong pattern, which has a substantial international element, but the theories explaining the pattern are in a poor state. Three macro theories are identified. They deal with three links between strikes and society: (1) Conflicts are explained by the development in real wages. (2) Conflicts cause production losses, and hence they are an important factor is socio-political instability. (3) The large cross-country differences in conflict levels are explained by the structure of labor market organizations and their political parties. The stylized facts reveals that all three are contrary to these facts. (i) Conflicts are closely associated to inflation of prices and wages, but not to real wages. (ii) The production losses due to conflicts are negligible at a national level. (iii) The large cross-country difference in conflict levels have vanished. Consequently, new theory is needed in the field.
TitelHandbook of Labor, Human Resources and Population Economics
RedaktørerKlaus F. Zimmermann
Antal sider22
StatusE-pub ahead of print - jan. 2022

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