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Gabriele Cardullo

University of Genova, Italy, and IZA, Germany

IZA Worl of Labor represents a crucial endeavor to enhance the diffusion and availability of labor economics research among the general public and policymakers. I am grateful to be involved in this project that strives to advance evidence-based policy making

IZA World of Labor role

Author

Current position

Associate professor, Dipartimento di Economia (DIEC), Università degli Studi di Genova, Italy

Research interest

Labor economics, search theory, macroeconomics

Website

https://sites.google.com/site/cardullogabriele/home

Past positions

Assistant professor, Dipartimento di Economia (DIEC), Università degli Studi di Genova, Italy

Qualifications

PhD Economics, Université catholique de Louvain and Paris Jourdan Sciences Economiques (PSE), 2007

Selected publications

  • "A model of unions, two-tier bargaining and capital investment." Labour Economics 67 (2020) (with M. Conti and G. Sulis).

  • "Interpreting the Beveridge curve: An agent-based approach." Journal of Economic Behavior and Organization 157 (2019): 84–100 (with E. Guerci).

  • "The welfare and employment effects of centralized public sector wage bargaining." Journal of Public Economic Theory 19:2 (2017): 490–510.

  • "Sunk capital, unions and the hold-up problem: Theory and evidence from cross-country sectoral data." European Economic Review 76 (2015) (with M. Conti and G. Sulis).

  • "The distributive and welfare effects of product and labour market deregulation." Labour Economics 18:2 (2011): 205–217.

article(s)

  • Unions and investment in intangible capital Updated

    When workers and firms cannot commit to long-term contracts and capital investments are sunk, union power can reduce investment

    Gabriele CardulloGiovanni Sulis, May 2023
    Although coverage of collective bargaining agreements has been declining for decades in most countries, it is still extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages and employment, the quality of labor-management relations, the structure of corporate governance, and the existence of social pacts, among other factors.
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