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What do Unions do?
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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What do Unions do? Abstract: This paper attempts to answer the question of what unions do. Put simply, are they good or bad? Do they harm the economy? What effects do they have, on productivity, financial performance, inflation, productivity growth and investment? All these questions are answered in detail using a number of studies and applications of various models. I. INTRODUCTION The structure of this paper will be as follows; First it will outline the two faces of trade unions as first created by Freeman and Medoff. The basis of much of the literature surrounding unions has stemmed from this. Secondly a large section of the paper has been devoted to productivity. This is because it is one of the most important aspects of the effect of trade unions from the firm's point of view and the economy as a whole. Thirdly, there will be a section on productivity growth, which is distinct from...
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