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The Economics of Trade Unions

A Study of a Research Field and Its Findings

Richard B Freeman author Hristos Doucouliagos author Patrice Laroche author

Format:Paperback

Publisher:Taylor & Francis Ltd

Published:30th Sep '20

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The Economics of Trade Unions cover

Richard B. Freeman and James L. Medoff’s now classic 1984 book What Do Unions Do? stimulated an enormous theoretical and empirical literature on the economicimpact of trade unions. Trade unions continue to be a significant feature of many labormarkets, particularly in developing countries, and issues of labor market regulationsand labor institutions remain critically important to researchers and policy makers.

The relations between unions and management can range between cooperation and conflict; unions have powerful offsetting wage and non-wage effects that economists and other social scientists have long debated. Do the benefits of unionism exceed the costs to the economy and society writ large, or do the costs exceed the benefits? TheEconomics of Trade Unions offers the first comprehensive review, analysis and evaluation of the empirical literature on the microeconomic effects of trade unions using the tools of meta-regression analysis to identify and quantify the economic impact of trade unions, as well as to correct research design faults, the effects of selection bias and model misspecification.

This volume makes use of a unique dataset of hundreds of empirical studies and their reported estimates of the microeconomic impact of trade unions. Written by three authors who have been at the forefront of this research field (including the co-author of the original volume, What Do Unions Do?), this book offers an overview of a subject that is of huge importance to scholars of labor economics, industrial and employee relations, and human resource management, as well as those with an interest in meta-analysis.

'...generally helpful scene-setting remarks anchor each chapter, and the authors are evenhanded throughout in their discussion of the literature.'

John T. Addison, Darla Moore School of Business, University of South Carolina, and Department of Economics and Finance, Durham University Business School (UK), and Research Fellow, IZA Bonn

ISBN: 9780367667894

Dimensions: unknown

Weight: 453g

190 pages