Lump-sum payments and wage moderation in the union sector
Union behavior, industry rents, and optimal policies
This paper examines the welfare gains from strategic trade and industrial policy in the U.S. steel industry, focusing particularly on the potential gains from capturing labor rents. I take into account product market distortions such as price-setting firms, factor market distortions in the form of union-created labor rents, and the presence of fixed capital and underutilized capacity in U.S. steel production. ; The existence of underutilized capacity means that firms respond to protection by reducing the share of labor in production, eliminating the rents targeted by the policy and thus ...
Unionization and acquisitions
Union settlements and aggregate wage behavior in the 1980s
Determinants of the decline in union COLA's
Declining union strength and wage inflation in the 1980s
Indexation and contract length in unionized U.S. manufacturing
Dedicated taxes and rent capture by public employees
A test of whether the enactment of a dedicated tax leads to higher payroll and wages for public employees, by means of survey results from the local mass-transit industry.