Labour Unions, Public Policy and Economic Growth

Tapio Palokangas (University of Helsinki)

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English

Cambridge University Press
13 March 2000

Economic theory & philosophy; Trade unions

Collective bargaining is still the main vehicle for labour worldwide to negotiate wages, benefits, retirement policies, training and other terms of working with management in both the public and private sectors. Labour economists have long been active in modelling the relations between collective bargaining agreements, labour markets, and social welfare conditions. This book presents a new theoretical model of unions which offers a unified treatment of the centralization of bargaining, the credibility of labour contracts, the unionization of labour markets and the relative bargaining power of the union. Part I of the book develops the microfoundations of bargaining and examines collective bargaining interacting with public policy, investment and growth, and international trade and specialization. In conclusion Professor Palokangas challenges the commonly held view that collective bargaining has a negative impact on economics welfare, and argues that with the existence of market failure, collective bargaining can be welfare enhancing.

By: Tapio Palokangas (University of Helsinki)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 17mm
Weight: 490g
ISBN: 9780521663236
ISBN 10: 0521663237
Pages: 252
Publication Date: 13 March 2000
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

List of figures; Preface; Overview; 1. Basic concept of game theory; 2. Collective bargaining without investment; 3. The use of corrective taxes and subsidies; 4. Taxation and production efficiency; 5. Credibility in collective bargaining; 6. Monopoly unions and sluggish investment; 7. Ordinary wages verses profit-sharing; 8. Unions and economic growth; 9. Unions and international specialization; References; Index.