Noble International Journal of Economics and Financial Research

Online ISSN: 2519-9730 | Print ISSN: 2523-0565

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Volume 5 Number 6 June 2020

ASSESSMENT ON THE CHANGE OF UNION DENSITY RATE BY MEANS OF MACROECONOMIC INDICATORS: A QUANTITATIVE RESEARCH

Pages: 63-73
Authors: Nickolaos Giovanis*, Efstratios Giovanis
Abstract

During the last decades of the twentieth and the first two decades of the 21st century, there has been a gradual decrease in union density all over the world. Decrease in bargaining power and resources have resulted in density decrease. This article presents the results of a quantitative study conducted using multiple regressions and shows that there is a correlation between density and various macroeconomic measures or other state indicators from the 36 OECD Member States (Organization for Economic Co-operation and Development) and ILO (International Labor Organization) used in the calculation. Additionally, the survey results showed that the best predictor of the variable was the strictness of employment protection, followed by the rest of the model’s variables but with continuously declining significance.

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