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What unions do: Insights from economic theory

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Conclusion

I have attempted to distill a quite sizable body of literature written by modern economists on the theory of labor unions, with particular emphasis given to the “two faces” view of unions developed by Freeman and Medolf in What Do Unions Do? Many important ideas and contributions have necessarily been omitted, but hopefully the main contours and implications are captured.

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Kaufman, B.E. What unions do: Insights from economic theory. J Labor Res 25, 351–382 (2004). https://doi.org/10.1007/s12122-004-1021-x

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