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The Impact of Collective Bargaining on the Wage Structure in the United States

In: The Theory of Wage Determination

Author

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  • Lloyd G. Reynolds

    (Yale University)

Abstract

The impact of trade unionism on relative wage rates and on the allocation of resources has been a standard subject of theoretical economic discussion for decades. Trade unions were presumed to be analogous to business monopolies in intent and general strategy and their behaviour deducible from first principles, whereby the economic consequences could be predicted from the established body of value theory.

Suggested Citation

  • Lloyd G. Reynolds, 1957. "The Impact of Collective Bargaining on the Wage Structure in the United States," International Economic Association Series, in: John T. Dunlop (ed.), The Theory of Wage Determination, chapter 0, pages 194-221, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15205-6_13
    DOI: 10.1007/978-1-349-15205-6_13
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