Wage Bargaining, Inequality, and the Dutch Disease.
The theory of the "Dutch Disease" predicts that income from oil and other natural resources produces negative economic consequences through two different mechanisms. The "Resource Movement Effect" suggests that workers leave manufacturing for higher-paying jobs in other sectors. The "Spending Effect...
| Publicado en: | International Studies Quarterly Vol. 60; no. 4; pp. 677 - 693 |
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| Formato: | Artículo |
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Oxford University Press / USA
Dec2016
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=120805434&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 120805434 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00208833 ISQ jtl: International Studies Quarterly issn: 00208833 maglogo: N pubinfo: dt: Dec2016 vid: 60 iid: 4 pid: 622 pub: Oxford University Press / USA artinfo: ui: 120805434 10.1093/isq/sqw043 ppf: 677 ppct: 16 formats: fmt: @attributes: type: P db: hlh ui: 120805434 tig: atl: Wage Bargaining, Inequality, and the Dutch Disease. aug: au: BUNTE, JONAS B. affil: University of Texas at Dallas su: Resource exploitation Income inequality Dutch disease (Economics) Wage bargaining Foreign exchange rates sug: subj: Resource exploitation Income inequality Labor Unions and Similar Labor Organizations Dutch disease (Economics) Wage bargaining Foreign exchange rates ab: The theory of the "Dutch Disease" predicts that income from oil and other natural resources produces negative economic consequences through two different mechanisms. The "Resource Movement Effect" suggests that workers leave manufacturing for higher-paying jobs in other sectors. The "Spending Effect" implies that spending resource wealth domestically leads to exchange rate appreciation. The combination of these processes results in the contraction of the export sector. This article explores how, and why, a country's institutions may prevent the Dutch Disease before it starts. Incorporating insights from the "Varieties of Capitalism" literature, I find that the Dutch Disease is significantly less severe in countries with a high degree of wage bargaining coordination and with low income inequality. The former interrupts the Resource Movement Effect as it limits workers' incentives to move out of the tradable sector. The latter moderates the Spending Effect because it prevents appreciation of the real exchange rate. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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