- Title
- Notes on the Economics of Labor Unions
- Author(s)
- Henry S. Farber Henry Farber (Princeton University)
- Abstract
- A common definition 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 effect of unions on wages; and 4) the determination of union membership. This essay is organized around discussions of these topics.
- Creation Date
- 2001-05
- Section URL ID
- Paper Number
- 2001-5
- URL
- https://dataspace.princeton.edu/bitstream/88435/dsp01dn39x155s/1/452rev.pdf
- File Function
- Jel
- P00, P10
- Keyword(s)
- labor unions, dispute resolution, strikes, union growth
- Suppress
- false
- Series
- 13