Labour Unions, Public Policy and Economic Growth

Tapio Palokangas (University of Helsinki)

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English

Cambridge University Press
20 May 2010

Economic theory & philosophy; Economic growth; Trade unions; Industrial arbitration & negotiation

Summary
Details

Collective bargaining is 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 theoretical model of unions which offers a unified treatment of the centralisation of bargaining, the credibility of labour contracts, the unionisation of labour markets and the relative bargaining power of the union. Tapio Palokangas develops the microfoundations of bargaining and examines collective bargaining interacting with public policy, investment and growth, and international trade and specialisation. 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: 15mm
Weight: 380g
ISBN: 9780521144056
ISBN 10: 0521144051
Pages: 252
Publication Date: 20 May 2010
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active