In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment. -- Employment …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … that an overall increase in risk aversion contributes to wage moderation and promotes employment …

employees. If works councils represent the face of unions, union membership of employees should be related positively to the … establishment has no impact on union membership and (c) a 10 % decrease in the average share of unionised works councillors … councillors and the fall in union density in West Germany are closely linked. - panel data ; trade union membership; works council …