The Economics of the Trade Union [Paperback]

Analyses the crucial features of unionised labour markets in industrialised countries, with emphasis on Britain and the USA.The techniques used by economists to model unionized labor markets are carefully explained in analyzing the crucial features of unionized labor markets of industrialized countries, with particular emphasis on Britain and the United States.The techniques used by economists to model unionized labor markets are carefully explained in analyzing the crucial features of unionized labor markets of industrialized countries, with particular emphasis on Britain and the United States.This book analyzes the crucial features of unionized labor markets in industrialized countries, with particular emphasis on Britain and the United States. The techniques used by economists to model unionized labor markets are carefully explained. The connection between theoretical modeling and empirical testing of the theories is also emphasized. The book is directed to undergraduate economics students studying labor economics and to masters students in economics or industrial relations, but it is also accessible to general readers with a quantitative background.List of figures; List of tables; Preface; 1. Introduction; 2. The development of the union movements of Britain and the United States; 3. The orthodox theoretical framework: an overview; 4. Trade union objectives and the monopoly union model; 5. Bargaining models of the trade union; 6. Empirical estimates of the union wage differential; 7. The impact of trade unions on productivity, investment, profitability, employment and hours; 8. Unions and the macroeconomy; 9. Conclusion; References; Index. She does an admirable and very thorough job covering the history of unions in Britain and the US; the standard (and not-so-standard) economic theory of union behavior; the effects of unions on wages, wage structure, investment and productivity, profitability, and employment; and the relationship between unions and the macroel“\