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The Economics of Trade Unions - A Study of a Research Field and Its Findings (Hardcover)
Loot Price: R4,738
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The Economics of Trade Unions - A Study of a Research Field and Its Findings (Hardcover)
Series: Routledge Studies in Labour Economics
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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 economic impact of trade unions. Trade unions
continue to be a significant feature of many labor markets,
particularly in developing countries, and issues of labor market
regulations and 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? The Economics 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.
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