Unions and Investment in British Industry

Kevin Denny and Stephen Nickell

Economic Journal, 1992, vol. 102, issue 413, 874-87

Abstract: This paper presents an empirical analysis of investment in British industry using data at the industry level and focusing on union effects. The authors find that the rate of investment is around 28 percent lower in firms that recognize unions and have an average union density relative to those in which unions are not recognized. This is the gross effect, holding wages, product prices, and productivity constant. If we take account of union effects on these as well, the overall effect is an investment reduction of 16 percent in competitive firms and 3 percent in noncompetitive firms. Copyright 1992 by Royal Economic Society.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (48)

Downloads: (external link)
http://links.jstor.org/sici?sici=0013-0133%2819920 ... 0.CO%3B2-F&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: UNIONS AND INVESTMENT IN BRITISH INDUSTRY (1990)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:102:y:1992:i:413:p:874-87

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().