Notes on the Economics of Labor Unions

Henry Farber
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Henry Farber: Princeton University

No 831, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: A common definition of a labor union is that it is an association of workers who bargain collectively with their employer regarding the terms and conditions of employment. Economic analysis of labor unions falls largely into four related categories: 1) unions as maximizing agents, 2) dispute resolution: strikes and arbitration, 3) the effect of unions on wages, and 4) the determination of union membership. This essay is organized around discussions of these topics.

Keywords: labor unions; dispute resolution; strikes; union growth (search for similar items in EconPapers)
JEL-codes: P0 P00 P1 (search for similar items in EconPapers)
Date: 2001-05
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Citations: View citations in EconPapers (14)

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