ECON 2T03 Chapter Notes - Chapter 15: Nonunion, Contract Curve, Collective Action
8 Mar 2018
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Union wage impact (cid:498)union-nonunion wage differential(cid:499) = the (cid:523)%(cid:524) difference in wages between: so compare the wu (cid:523)aka union and wn (cid:523)aka nonunion(cid:524) wages union and otherwise comparable nonunion workers. Chapter reads likely to be represented by a union than others: union-nonunion differential often had to be inferred from the average wage and the extent of unionization. Longitudinal studies : longitudinal approach depends on reliable estimate of the earnings that. Union wage dispersion, and the distribution of income: unions have a larger impact on wages of blue-collar than white-collar, union wage dispersion is both to the right and less dispersed. Chapter reads: union , wage distribution is more compressed with fewer workers getting low wages and few getting high wages, right of the nonunion so usually getting higher wages. Union impact on resource allocation and economic welfare: union affect the allocation of labour and other resources in the economy, wu higher union wage.
