- Title
- Miners' Wages in Post-War Britain: An Application of a Model of Trade Union Behavior
- Author(s)
- Andrew J. Oswald Andrew Oswald (University of Oxford and Princeton University)
- Alan A. Carruth Alan Carruth (University of Kent)
- Abstract
- The paper studies the determination of wages in the British coal industry. A utility-maximising model of a trade union is used to represent the behaviour of the National Union of Mineworkers. A non- linear structural model is derived and is estimated by Full Information Maximum Likelihood. The results are quite encouraging: there is support for a neo-classical demand curve for miners' labour, and a significant estimate of workers' relative risk aversion.
- Creation Date
- 1984-07
- Section URL ID
- IRS
- Paper Number
- 175
- URL
- https://dataspace.princeton.edu/bitstream/88435/dsp01kw52j806x/1/175.pdf
- File Function
- Jel
- J51
- Keyword(s)
- Great Britain; United Kingdom; trade unions
- Suppress
- false
- Series
- 1