The economics of the trade union

By:

Booth Alison L

Contributor(s):

Publication details: Cambridge Cambridge University Press 1995Description: 295p xvISBN:

9780521468398

Subject(s):

1. Labor Market - U K - U S A 2. Labor Unions - Economic Aspects

DDC classification:

331.880941 BOO

Contents:

Contents Introduction 1 The development of the union movements of Britain and the United States 12 The development of the British union movement 14 The development of the US union movement 36 A brief comparison of the British and the US collective bargaining systems 47 The orthodox theoretical framework an overview 51 Trade unions in a perfectly competitive product market 52 Trade unions and improvements in economic efficiency 66 The noncooperative bargaining problem 150 Appendix 5B 154 Empirical estimates of the union wage differential 157 The unionnonunion wage differential definition 158 Aggregate crosssection estimates of the union wage differential 159 Individual crosssection estimates of the union wage differential 163 Simultaneous equation and panel studies estimating the union wage differential using micro data 173 Changes in the union wage differential over time 177 How does a union obtain monopoly power? 71 Conclusion 76 Appendix 3A 77 Trade union objectives and the monopoly union model 82 The union objective function 87 The behaviour of the firm 94 The monopoly union model 97 Empirical evaluation of union objectives 101 The median voter model and models of endogenous membership 108 Conclusion 116 Appendix 4A 118 Bargaining models of the trade union 120 Two approaches to modelling bargaining behaviour 123 The righttomanage model 124 The efficient bargaining model 128 The righttomanage model versus the efficient bargaining model 134 Bargaining and strikes 141 Bargaining over wages and standard hours 146 Conclusion 149 Unions and wage dispersion 179 Conclusion 180 The impact of trade unions on productivity investment profitability employment and hours 183 Modelling union effects on productivity 188 Some problems with this approach 190 Empirical evidence for the USA 194 Evidence on productivity for Britain 200 The impact of unions on investment profitability employment and hours 209 Conclusion 223 Unions and the macroeconomy 224 The monopoly union model and macroeconomics 226 Aggregate unemployment and the wage bargaining structure 243 Unemployment persistence and hysteresis 248 Empirical estimation of the wage and pricesetting curves 253 Conclusion 256 Conclusion 258 References 266 Index 289 Copyright

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Holdings
Item type	Current library	Shelving location	Call number	Status	Date due	Barcode
BOOKs	National Law School	MPP Section	331.880941 BOO (Browse shelf(Opens below))	Available		34554

Contents
Introduction
1
The development of the union movements of Britain and the United States
12
The development of the British union movement
14
The development of the US union movement
36
A brief comparison of the British and the US collective bargaining systems
47
The orthodox theoretical framework an overview
51
Trade unions in a perfectly competitive product market
52
Trade unions and improvements in economic efficiency
66
The noncooperative bargaining problem
150
Appendix 5B
154
Empirical estimates of the union wage differential
157
The unionnonunion wage differential definition
158
Aggregate crosssection estimates of the union wage differential
159
Individual crosssection estimates of the union wage differential
163
Simultaneous equation and panel studies estimating the union wage differential using micro data
173
Changes in the union wage differential over time
177

How does a union obtain monopoly power?
71
Conclusion
76
Appendix 3A
77
Trade union objectives and the monopoly union model
82
The union objective function
87
The behaviour of the firm
94
The monopoly union model
97
Empirical evaluation of union objectives
101
The median voter model and models of endogenous membership
108
Conclusion
116
Appendix 4A
118
Bargaining models of the trade union
120
Two approaches to modelling bargaining behaviour
123
The righttomanage model
124
The efficient bargaining model
128
The righttomanage model versus the efficient bargaining model
134
Bargaining and strikes
141
Bargaining over wages and standard hours
146
Conclusion
149
Unions and wage dispersion
179
Conclusion
180
The impact of trade unions on productivity investment profitability employment and hours
183
Modelling union effects on productivity
188
Some problems with this approach
190
Empirical evidence for the USA
194
Evidence on productivity for Britain
200
The impact of unions on investment profitability employment and hours
209
Conclusion
223
Unions and the macroeconomy
224
The monopoly union model and macroeconomics
226
Aggregate unemployment and the wage bargaining structure
243
Unemployment persistence and hysteresis
248
Empirical estimation of the wage and pricesetting curves
253
Conclusion
256
Conclusion
258
References
266
Index
289
Copyright

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