Unions and Productivity, Financial Performance and Investment: International Evidence

  title={Unions and Productivity, Financial Performance and Investment: International Evidence},
  author={David Metcalf},
  journal={LSE Research Online Documents on Economics},
  • D. Metcalf
  • Published 1 July 2002
  • Business, Economics
  • LSE Research Online Documents on Economics
If the presence of a union in a workplace or firm raises the pay level, unless productivity rises correspondingly, financial performance is likely to be worse. If the product market is uncompetitive this might imply a simple transfer from capital to labour with no efficiency effects, but is probably more likely to lead to lower investment rates and economic senescence. Therefore the impact of unions on productivity, financial performance and investment is extremely important. This paper distils… 

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