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The Economics of the Trade Union

$139.00 (C)

  • Date Published: January 1995
  • availability: Available
  • format: Hardback
  • isbn: 9780521464673

$ 139.00 (C)

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About the Authors
  • 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.

    • 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
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    Reviews & endorsements

    "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 macroeconomy....always clear, and the bibliography is outstanding. Highly recommended to upper-division undergraduates, graduate students, and professional economists." Choice

    "It provides an excellent insight into a rich vein of inquiry." Edmund Heery, Labour/Le Travail

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    Product details

    • Date Published: January 1995
    • format: Hardback
    • isbn: 9780521464673
    • length: 312 pages
    • dimensions: 229 x 152 x 21 mm
    • weight: 0.63kg
    • contains: 32 b/w illus. 13 tables
    • availability: Available
  • Table of Contents

    List of figures
    List of tables
    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

  • Author

    Alison L. Booth, Birkbeck College, University of London

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