Miners' Wages in Post-War Britain: An Application of a Model of Trade Union Behavior

Andrew Oswald and Alan Carruth
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Alan Carruth: University of Kent

No 558, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: The paper studies the determination of wages in the British coal industry. A utility-maximising model of a trade union is used to represent the behaviour of the National Union of Mineworkers. A non- linear structural model is derived and is estimated by Full Information Maximum Likelihood. The results are quite encouraging: there is support for a neo-classical demand curve for miners' labour, and a significant estimate of workers' relative risk aversion.

Keywords: Great Britain; United Kingdom; trade unions (search for similar items in EconPapers)
JEL-codes: J51 (search for similar items in EconPapers)
Date: 1984-07
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Journal Article: Miners' Wages in Post-war Britain: An Application of a Model of Trade Union Behaviour (1985)
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Persistent link: https://EconPapers.repec.org/RePEc:pri:indrel:175

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