incentives for excessive labour supply in competitive markets. We show that trade unions which are unable to internalise the … externality can nevertheless mitigate the resulting distortion. The reason is that wages above the market clearing level are only … establishes that trade unions can have a welfare-enhancing role in a world with relative consumption effects. …

equilibrium setting where wages are determined by sectoral bargaining between firms and trade unions. The model is calibrated to …

We examine union-non-union differentials in wages and hours in the United States over the last 50 years using data from … earnings has been falling since the Great Recession. The union differential in weekly wages has been more stable. Although it … reflects unions' ability to tackle under-employment, such that union workers work closer to the hours they desire than their …

the intertemporal labor supply elasticity. However this estimation is potentially quite difficult with micro data since … impressive given that we use different estimation approaches (micro data versus synthetic cohorts) and different consumption …

. Estimation with quarterly U.S. data generates plausible and significant estimates of the structural parameters. The findings …

collecting individual time diaries, the ATUS-CPS 2003-2022, to investigate the role of market variables - such as real wages …