Unions and Profits: A meta-regression Analysis
The effect of unions on profits continues to be an unresolved theoretical and empirical issue. In this paper, clustered data analysis and hierarchical linear meta-regression models are applied to the population of forty-five econometric studies that report 532 estimates of the direct effect of unions on profits. Unions have a significant negative effect on profits in the United States, and this effect is larger when market-based measures of profits are used. Separate meta-regression analyses are used to identify the effects of market power and long-lived assets on profits, as well as the sources of union-profit effects. The accumulated evidence rejects market power as a source of union-profit effects. While the case is not yet proven, there is some evidence in support of the appropriation of quasi-rent hypothesis. There is a clear need for further American and non-American primary research in this area.
|Date of creation:||2009|
|Publication status:||Published in Industrial Relations, Wiley, 2009, 48 (1), pp.146-184|
|Note:||View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00648569|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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