Union wage effects What are the economic implications of union wage bargaining for workers, firms, and society?

Publication date: 6 May 2014 | Publication type: Journal article/book/chapter | Theme: Employment & Social policy | NIESR Author(s): Bryson, A
Despite declining bargaining power, unions continue to generate a wage premium. Some feel collective bargaining has had its day. Politicians on both sides of the Atlantic have recently called for the removal of bargaining rights from workers in the name of wage and employment flexibility, yet unions often work in tandem with employers for mutual gain based on productivity growth. If this is where the premium originates, then firms and workers benefit.
Keyword tags: 
trade unions
labor market
firm performance

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