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Labour Unions, Public Policy and Economic Growth - Tapio Palokangas

Labour Unions, Public Policy and Economic Growth

Hardcover Published: 13th February 2000
ISBN: 9780521663236
Number Of Pages: 252

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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.

Basic concept of game theory
Collective bargaining without investment
The use of corrective taxes and subsidies
Taxation and production efficiency
Credibility in collective bargaining
Monopoly unions and sluggish investment
Ordinary wages vs. profit-sharing
Unions and economic growth
Unions and international specialization
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521663236
ISBN-10: 0521663237
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 252
Published: 13th February 2000
Country of Publication: GB
Dimensions (cm): 23.32 x 15.8  x 1.93
Weight (kg): 0.49