This book analyses the crucial features of unionised labour markets. The models in the book refer to labour contracts between unions and management, but the method of analysis is also applicable to non-union labour markets where workers have some market power. In this book, Alison Booth, a researcher in the field, emphasises the connection between theoretical and empirical approaches to studying unionised labour markets. She also highlights the importance of taking into account institutional differences between countries and sectors when constructing models of the unionised labour market. While the focus of the book is on the US and British unionised labour markets, the models and analytical methods are applicable to other industrialised countries with appropriate modifications.
• Provides careful emphasis of the connection between theory and empirical testing in theory, which has been neglected in the past • Careful consideration is given to historical development in 2 countries - Britain and the US • Highly accessible and jargon-free, presenting technical research in words with appendices explaining mathematical techniques used to achieve results
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.
'It would be hard to find a more thorough review and assessment of the literature on trade unions within economics … very useful, the analysis is excellent.' British Universities Industrial Relations Association Newsletter
'… this is altogether a useful monograph on a subject which is relatively rarely reviewed. It is written more for specialists and advanced students and is an excellent reference book for a library.' Marc Tardieu, European Journal of Paediatric Neurology