Worker's Wages and Payments to Union Officials: A Principal-Agent Model of Trade Unions and Workers.

This paper models the relationship between the union and its membership as a Principal Agent problem. The union sets wages subject to a labour demand curve. The level of wages is determined by union effort. The union negotiates as a monopoly union. Its utility is a risk averse function of its salary and effort. Ths workforce determines a contract for the union negotiator which is a function of the wages bargaindes and other workers wages.

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Year of publication:	1998
Authors:	Denny, K.J.
Institutions:	School of Economics, University College Dublin
Subject:	WORKERS' REPRESENTATION \| WAGES \| PAYROLL TAX

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Series:	College Dublin, Department of Political Economy-.
Type of publication:	Book / Working Paper
Notes:	20 pages
Classification:	J51 - Trade Unions: Objectives Structure, and Effects ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783293