This paper presents an empirical analysis of investment in British industry using data at the industry level and focusing on union effects. The authors find that the rate of investment is around 28 percent lower in firms that recognize unions and have an average union density relative to those...

This paper analyzes a number of disequilibrium mode ls of the labor market. The most general of these assumes that the aggregate mar ket consists of a series of submarkets, none of which are in excess demand, with the remainder being in excess supply. Assuming demands and supplies have a comm on...

Are people right to think that competition improves corporate performance? The author's investigations indicate first that there are some theoretical reasons for believing this hypothesis to be correct but they are not overwhelming. Furthermore, the existing empirical evidence on this question...

The article examines the real wage-employment relationship in the United States in the light of the diversity of results in the literature. It demonstrates that, when the relationship is correctly specified in the sense that due allowance is made for technical progress and capital accumulation,...