Article

The Economic Effects of Labor Unions Revisited

Journal of Labor Research (Impact Factor: 0.2). 02/2002; 23(1):105-130. DOI: 10.1007/s12122-002-1021-7
Source: RePEc

ABSTRACT

Using a variety of statistical techniques, we conclude that labor unions have reduced U.S. output by significant amounts -- trillions of dollars over time. Additionally, the employment-population ratio and the unemployment rate have been adversely affected by the presence of unions. From the very beginning, unionization materially lowered employment in the auto and steel industries, and union militancy in coal mining has contributed importantly to largely eliminating employment in this once large industry. While some individual workers have profited from unions, the aggregate economic impact is strongly negative.

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    • "In most cases researchers analyzing the relevant determinants in the context of the research problem distinguish two common groups of determinants that affect the differentiation of remuneration: external and internal determinants. The first group of determinants includes the conditions of labor market (Applbaum, 1991), the level of wages in the country, in the certain kind of economic activity or in the same kind of companies ( , living standard, the policy of government (Daily et al. 1998), the social-political situation (Applbaum, 1991), kind of economic activity (Applbaum, 1991; Jing et al., 2010), ownership (Kioulafas et al., 1991; David et al., 1998), trade unions (Vedder & Gallaway, 2002). The second group of determinants comprises the specific value of the certain work, the relative value of the employee (Appelbaum & Mackenzie, 1996), company size (Newman & Bannister, 1998) and the employer's ability to pay a certain amount of remuneration (Newman & Bannister, 1998). "
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    • "They do this by using their monopoly position to drive up wages and to introduce restrictive work practices that inhibit management's ability to introduce productive work practices such as HPWP. This is supported by research evidence on the negative impact that unions have on productivity and return to capital markets at the organization level and unemployment and output at the national level (Denny, 1997; Miller & Mulvey,1993; Pantuosco, Parker, & Stone, 2001; Vedder & Gallaway, 2002 cited in Guest, 1989). There is also a substantial body of research finding that unions can have a positive impact on the competitiveness. "
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    • "Second, a perusal of the scant literature reveals that some Austrians (e.g. Ryoo & Rosen 2004; and Vedder & Galaway 2002a) are almost indistinguishable from mainstream labour economists; others (e.g. Yeager 1997) can, with a little finessing, be located in the socioeconomic camp; and others (e.g. "
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