The Economics of the Trade Union

The Economics of the Trade Union

What are the key features of Unionized Labour Markets? This important book analyses the nature of contracts between unions and management, and evaluates the result for wages, employment, and productivity. It synthesizes the major strands of research on trade union- the findings of empirical investigations and of theoretical inquiry, in this book, Alison booth, a leading researcher in the field, explains the theoretical predictions and links these to widely observed outcomes. She argues that the theory of trade unions can also be applied to nonunion settings where workers have some market power, but that differences in institutions of the labour market will influence the outcomes. While the book focuses primarily on Britain and the USA, it has a wider relevance to other industrialized economies.

The economics of the trade unions is aimed at undergraduates and masters' students studying labor economics and industrial relations. It presents some quite technical research in an accessible non-technical fashion, and in addition appendixes are provided that clearly set out the mathematical techniques uses to obtain the mains results.

Alison L. Booth

Cambridge University Press

1995

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English

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