Notes on the Economics of Labor Unions

  title={Notes on the Economics of Labor Unions},
  author={Henry S. Farber},
A common de nition of a labor union is that it is an association of workers who bargain collectively with their employer regarding the terms and conditions of employment. Economic analysis of labor unions falls largely into four related categories: 1) unions as maximizing agents, 2) dispute resolution: strikes and arbitration, 3) the e ect of unions on wages, and 4) the determination of union membership. This essay is organized around discussions of these topics. Industrial Relations Section… CONTINUE READING


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