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Union Wage Policies: Reply [Wage Bargaining and Employment]
Ian M. McDonald,Robert M. Solow +1 more
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This article is published in The American Economic Review.The article was published on 1984-01-01 and is currently open access. It has received 6 citations till now. The article focuses on the topics: Wage & Efficiency wage.read more
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Models of Trade Union Behaviour: A Synthesis
John Creedy,Ian M. McDonald +1 more
TL;DR: In this article, the following four models of wage determination by trade unions, namely simple monopoly, wage-bargaining, efficient bargains and insider-dominated, are placed within a single framework.
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Insiders and outsiders in union models
TL;DR: In this paper, the authors examine the importance of distinguishing between insiders and outsiders in models of union-firm bargaining and show that insiders are those workers already established in the firm, while outsiders are either unemployed or working in temporary, low security jobs.
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Insiders and trade union wage bargaining
TL;DR: In this article, a trade union dominated by a sub-group of employed insiders who enjoy secure employment is analyzed and the bargained wage is shown to be positively related to the union power parameter and lay-off pay and negatively related to risk aversion of the employed insiders and the elasticity of the firm's revenue with respect to employment.
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Labour market models of unemployment in Australia
Jeff Borland,Ian M. McDonald +1 more
TL;DR: In this article, the authors present the result of work being undertaken as part of a collaborative research program entitled "Unemployment: Economic Analysis and Policy Modelling". The project is generously supported by the Australian Research Council and the following collaborative partners: Commonwealth Department of Family and Community Services, Commonwealth Department Of Employment, Workplace Relations and Small Business and the Productivity Commission.
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Trying to Understand Stagflation
TL;DR: This paper reviewed some explanations for the apparent failure of labour markets to clear in recession and then reviewed some explanation for the fluctuations in the aggregate demand for labour, and examined some links between real wages and employment.