Economics of Labour Unions

Soon Beng Chew

Chapter 9 in Labour Economics and Public Policy:Managing the Labour Markets for Competitiveness, 2017, pp 123-139 from World Scientific Publishing Co. Pte. Ltd.

Abstract: When we bring in government minimum wage law into a labour market, the labour market is no longer competitive. Similarly, when we bring in a labour union into a labour market, the labour market is no longer competitive. However, unions have much more impact than the minimum wage law in the labour markets.

Keywords: Labour Market Competitiveness; Labour Unions; Macro-Focused Union; Union Social Responsibility; Union as a Public Good (search for similar items in EconPapers)
JEL-codes: J08 (search for similar items in EconPapers)
Date: 2017
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