Unions, Firms, and the Return to Society

Article Abstract:

The impact of unions on the lifetime earnings profile is examined. The explanation for the reduced slope is the company's response to a raise in wages by unions. The slope effect is most commonly explained by the median voter hypothesis. The lower slope can also be explained by the contract offered to a new employee. Unions provide a collective voice and serve to enforce contracts, but these factors do not explain how lifetime earnings profiles can be affected by unions. Union objectives do not explain the union's impact on senior earnings. The company emerges as powerful, and their objectives impact bargaining outcomes.

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Unions, Productivity, and Productivity Growth

Article Abstract:

Studies by Harvard economists argue that unions affect labor productivity. The Harvard studies show that unions increase labor productivity. Other studies that focus on research and development argue that total factor productivity growth has a negative association with the influence of unions. A comparison of the two study factions argues that there are no inconsistencies between the findings of the two. Empirical analysis cannot support the Harvard studies' conclusion that unionism increases productivity. It was repeatedly found that where union coverage was greatest, productivity growth was slower.

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Trade Unions, Corporatism, and Inflation

Article Abstract:

Modern corporatism is a reflection of the state's sharing of decision making with private interest groups. The growing participation of unionism in decision making is explored. It is argued that corporatism may in itself exert inflationary pressures. Union themes in corporate thesis are investigated. Public choice theory dismisses the corporate thesis, and shows that corporatist solutions worsen problems from organized producer group interests. Under corporatism, producer group influence could aggravate the market escape.

Beliefs, opinions and attitudes, Corporations, Study and teaching

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