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Labor Unions and the Economic Performance of Unions

Author

Listed:
  • Barry T. Hirsch

    (Florida State University)

Abstract

Hirsch develops a model of union rent-seeking in which the unions capture a share of quasi-rents that make up the normal ROI in long-lived capital and R&D. He finds that in response, firms adjust their investments in vulnerable tangible and intangible capital. Hirsch also attempts to explain the connection between the contraction of the size of unions which occurred in the 1970s and firms' lower profitability, diminished market value, and lower investment levels.

Suggested Citation

  • Barry T. Hirsch, 1991. "Labor Unions and the Economic Performance of Unions," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number luepf, August.
    • Handle: RePEc:upj:ubooks:luepf
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    More about this item

    Keywords

    unions; labor-management relations; restructuring; collective bargaining; union-management relations;
    All these keywords.

    JEL classification:

    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

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