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Fairness Considerations in Labor Union Wage Setting: A Theoretical Analysis
labor unions fairness wage rigidity wage flexibility wage stickiness wage-setting curve wage-setting process unemployment
2012/10/22
We consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage ...
We provide empirical support for the contention that within-job wage growth relates purely to job-specific performance and that returns to general experience are assessed at the point of job change. U...