Investment and union certification

• 成果类型: Article
• 署名作者: Fallick, BC; Hassett, KA
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/209931
• 发表日期: 1999
• 页码: 570-582
• 关键词: profits; firm; industry; GROWTH

摘要

Using data on union certification elections, we estimate the impact of unionization on firms' investment behavior. Employing both a standard q model and an investment surprises technique, we find that union certification significantly reduces investment in the year following the election. We find that a winning certification election has, on average, about the same effect on investment in the year following the event as would- given the elasticity measures taken from the public finance literature-a 33 percentage-point increase in the corporate tax. The magnitude of the response in years further away from the election is less certain.