Abstract
The development of industrial relations in different countries, can be essential in their efforts to balance competitiveness, with equitable wages, and improved working conditions. Consequently, a well-functioning labor market is essential for solid economic performance, as well as future economic growth, and, for the well-being of workers, and their families. And, the effects of globalization on workers, on firms, and on macroeconomic performance, relate critically to labor institutions such as, trade unions, and dispute resolution mechanisms. Unions and Collective Bargaining is a comprehensive, reference book which evaluates the economic effects of unions, and collective bargaining. This book provides a detailed survey, and synthesis of the economic literature on trade unions, and collective bargaining, and their impact on micro- and macroeconomic outcomes. It shows the effects of collective bargaining in different country settings and time periods.
Highlights
Introduction and SummaryThis book examines the economic effects of unions and collective bargaining
We begin with three general observations: 1. Comparative studies reveal little systematic difference in economic performance between countries that enforce the two relevant labor standards and countries that do not
This is partly a reflection of the difficulties of isolating the effects of labor standards from other determinants of economic performance, and suggests that the impact of labor standards perhaps best can be analyzed on a case-by-case basis
Summary
Introduction and SummaryThis book examines the economic effects of unions and collective bargaining. The study is based on a large and detailed literature survey (covering more than 1,000 primary and secondary studies), it cannot claim to be conclusive. The main contribution is to take stock of existing knowledge, thereby paving the way for more innovative future research on the link between labor standards, collective bargaining, and economic performance. The specific findings of our study are summarized in this chapter, which offers some additional remarks on what can be learned from our reading of the literature. The precise link between labor standards and economic performance is as yet not clear and many controversies remain, but the fact is that labor standards appear on the international agenda and are likely to stay there for a foreseeable future
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