Author: Stephen G. BronarsPublisher:
ISBN:
Category :
Languages : en
Pages : 56
Book Description
Union Rent-sharing and Firm Behavior
Author: Stephen G. BronarsUnion Behavior, Industry Rents, and Optimal Policies
Author: Mr.Phillip SwagelPublisher: International Monetary Fund
ISBN: 1451856296
Category : Business & Economics
Languages : en
Pages : 31
Book Description
This paper examines the supposed welfare gains from strategic trade and industrial policies in the U.S. steel industry. Strategic policies to capture labor rents lead to an endogenous response which greatly diminishes their importance. On the other hand, reducing domestic labor market distortions results in welfare gains nearly as large as those from optimal trade and industrial policies. The paper concludes that the focus on labor rents as the subject of U.S. trade and industrial policy is overstated, at least in manufacturing industries such as integrated steel.
Unions and Firm Behavior [microform] : Profits, Investment, and Share Prices
![Unions and Firm Behavior [microform] : Profits, Investment, and Share Prices PDF](https://books.google.com/books/content/images/frontcover/JDpPNAEACAAJ?fife=w80-h100)
Author: Craig A. EschukPublisher: Ann Arbor, Mich. : University Microfilms International
ISBN:
Category : Business enterprises
Languages : en
Pages : 284
Book Description
Firm Investment Behavior and Collective Bargaining with Unionized Workers
Author: Hampton Sequoia Carlos FinerPublisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 94
Book Description
Rent-Sharing and Collective Bargaining Coverage
Author: Nicole GuertzgenPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Using a linked employer-employee dataset, this paper analyses the relationship between firm profitability and wages. Particular emphasis is given to the question of whether the sensitivity of wages to firm-specific rents varies with collective bargaining coverage. To address this issue, we distinguish sector- and firm-specific wage agreements and wage determination without any bargaining coverage. Our findings indicate that individual wages are positively related to firm-specific quasi-rents in the non-union sector and under firm-specific contracts. Industry-wide wage contracts, however, are associated with a significantly lower responsiveness of wages to firm-level profitability.
The Economics of Trade Unions
Author: Hristos DoucouliagosPublisher: Routledge
ISBN: 1317498283
Category : Business & Economics
Languages : en
Pages : 233
Book Description
Richard B. Freeman and James L. Medoff’s now classic 1984 book What Do Unions Do? stimulated an enormous theoretical and empirical literature on the economic impact of trade unions. Trade unions continue to be a significant feature of many labor markets, particularly in developing countries, and issues of labor market regulations and labor institutions remain critically important to researchers and policy makers. The relations between unions and management can range between cooperation and conflict; unions have powerful offsetting wage and non-wage effects that economists and other social scientists have long debated. Do the benefits of unionism exceed the costs to the economy and society writ large, or do the costs exceed the benefits? The Economics of Trade Unions offers the first comprehensive review, analysis and evaluation of the empirical literature on the microeconomic effects of trade unions using the tools of meta-regression analysis to identify and quantify the economic impact of trade unions, as well as to correct research design faults, the effects of selection bias and model misspecification. This volume makes use of a unique dataset of hundreds of empirical studies and their reported estimates of the microeconomic impact of trade unions. Written by three authors who have been at the forefront of this research field (including the co-author of the original volume, What Do Unions Do?), this book offers an overview of a subject that is of huge importance to scholars of labor economics, industrial and employee relations, and human resource management, as well as those with an interest in meta-analysis.
Rent-sharing and Collective Wage Contracts - Evidence from German Establishment-level Data
Author: Nicole GuertzgenPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Abstract: Using German establishment-level data, this paper analyses whether wages respond to firm-specific profitability conditions. Particular emphasis is given to the question of whether the extent of rent-sharing varies with collective bargaining coverage. In this context, two conflicting hypotheses are tested. The first one asserts that unions exploit their bargaining power at the firm-level and appropriate a larger share of rents than the bargaining parties in uncovered firms. The second one states that unions favour a compressed intra-industry wage structure and suppress the responsiveness of wages to firm-specific profitability conditions.\ The empirical analysis provides strong support for the second hypothesis. While pooled OLS estimates yield positive estimates of the rent-sharing coefficient in covered establishments, dynamic panel data estimates accounting for unobserved heterogeneity and the endogeneity of rents point to a rent-sharing coefficient of zero
Real Wage Determination and Rent-sharing in Collective Bargaining Agreements
Author: Loizos Nicolaou ChristofidesPublisher:
ISBN:
Category : Collective bargaining
Languages : en
Pages : 34
Book Description
Union Organizing Activity and the Growth of Firms
Author: Stephen G. BronarsRent-sharing, Financial Pressures and Firm Behavior
Author: Pertti HaaparantaPublisher:
ISBN: 9789525071146
Category :
Languages : en
Pages : 49
Book Description
Tiivistelmä.