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The Economic Analysis of Unions (1986) thoroughly examines a range of theoretical and empirical literature on the economics of labour unions. It surveys, synthesizes, and critically analyses theoretical and econometric work on the many dimensions of unions in the private and public sectors.
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.
1. An Overview 2. Unionism: Individual and Collective Choice 3. Union Membership and Growth 4. Unions, Bargaining and Strikes 5. Union Effects on Relative Wages 6. Unions, Wage Dispersion and the Distribution of Income 7. Unions and Economic Performance: Productivity, Productivity Growth and Probability 8. Unions and Inflation 9. Unions and Politics
The crisis in trade unionism is now a prevailing concern in the United States, as well as in Europe. Its main symptom is, of course, the decrease in union membership. Still, other, less observable elements account for the concern, namely the obsolescence of discourse, the decrease of militant motivation, and the question of efficiency of strikes or collective bargaining. One must keep in mind, however, that trade unions will evolve differently from one country to another. What we know about trade unions has changed over the years. We can now more accurately assess the effects of union action, especially with regard to labor market, wages, and productivity. This book adds to the assessment by integrating the new theories of organizations, contracts, and property rights. In doing so, we shift from a study of markets to one of hierarchies. Thus, the current literature comes back to its sources (but with improved analytical instruments) by returning to the Ross-Dunlop debate on the nature of the trade union. This more complex outlook of trade unions as an organization-not only as an abstract or bodyless supplier of monopolistic labor-allows one to understand better the apparent differences between unions (mainly American) whose action is oriented towards work relation ships and labor contract management and unions (European or "Latin") who are closer to a pressure group wielding power on the political front.
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.
In this third edition of his highly acclaimed and influential study, Albert Rees updates his material to reflect the major changes in the labor scene occurring during the 1970s and 1980s. New to this edition is a chapter on the decline of private sector unions, and other chapters have been substantially revised. The treatment of the effect of unions on relative wages has been completely recast to reflect the results of recent research. Students of labor economics will find that Rees's well-balanced account provides an excellent, comprehensive view of all aspects of the activities of unions, from their early development and history, through analysis of their sources of power, to the effects of their policies. In the final chapters, Rees broadens his evaluation to survey noneconomic as well as economic aspects of union activity.