Abstract
This study explores whether union wage premiums reflect compensating differences or noncompetitive rents. It is argued that if (1) there exists substantial dues variability, and (2) there is a positive wage-dues relation among union workers, at least part of the observed union premium is noncompetitive. Empirically, these two conditions are substantiated both within and across industries using the PSID microdata base. On average, 44 percent of the overall union premium is attributable to noncompetitive sources.
Published Version
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