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- Title
LABOR LAWS AND CORPORATE INVESTMENT.
- Authors
Marciukaityte, Dalia
- Abstract
In the United States, the costs of unionized labor are higher in states without right‐to‐work (RTW) laws. I show that unionized firms located in these states invest less. These firms have about 4 percentage point lower capital expenditures (normalized by net property, plant, and equipment) than other firms. I confirm these findings by examining a natural experiment created by the adoption of RTW laws in Oklahoma and examining union certification elections using regression discontinuity design.
- Subjects
OKLAHOMA; UNITED States; RIGHT-to-work laws; CAPITAL investments; LABOR costs; LABOR union laws; LABOR union recognition; REGRESSION discontinuity design
- Publication
Journal of Financial Research, 2019, Vol 42, Issue 2, p413
- ISSN
0270-2592
- Publication type
Article
- DOI
10.1111/jfir.12179