Insiders, Non-Market Activity and Unemployment

Jeanette Lye, Ian McDonald () and Hugh Sibly

No 530, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: The paper extends the theory of trade unions. In past studies, the union members derive utility exclusively from the consumption of goods produced in markets. We consider the case where the union insider is a member of a household which derives utility both from market produced goods and from a non-market activity (such as household production or leisure). The model in the paper determines the equilibrium levels of the bargained wage, employment, unemployment, discouraged workers and non-market activity.

Keywords: UNEMPLOYMENT; LABOUR MARKET; TRADE UNIONS (search for similar items in EconPapers)
JEL-codes: E24 J21 J22 J23 J51 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:530

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