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Miners' Wages in Post-War Britain: An Application of a Model of Trade Union Behavior

Author

Listed:
  • Andrew J. Oswald

    (University of Oxford and Princeton University)

  • Alan A. Carruth

    (University of Kent)

Abstract

The paper studies the determination of wages in the British coal industry. A utility-maximising model of a trade union is used to represent the behaviour of the National Union of Mineworkers. A non- linear structural model is derived and is estimated by Full Information Maximum Likelihood. The results are quite encouraging: there is support for a neo-classical demand curve for miners' labour, and a significant estimate of workers' relative risk aversion.

Suggested Citation

  • Andrew J. Oswald & Alan A. Carruth, 1984. "Miners' Wages in Post-War Britain: An Application of a Model of Trade Union Behavior," Working Papers 558, Princeton University, Department of Economics, Industrial Relations Section..
    • Handle: RePEc:pri:indrel:175
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    More about this item

    Keywords

    Great Britain; United Kingdom; trade unions;
    All these keywords.

    JEL classification:

    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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