WAGE-EMPLOYMENT DETERMINATION AND A UNION TAX ON CAPITAL - CAN THEORYAND EVIDENCE BE RECONCILED

Authors
HIRSCH BT PRASAD K
Citation
Bt. Hirsch et K. Prasad, WAGE-EMPLOYMENT DETERMINATION AND A UNION TAX ON CAPITAL - CAN THEORYAND EVIDENCE BE RECONCILED, Economics letters, 48(1), 1995, pp. 61-71
Citations number
18
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
48
Issue
1
Year of publication
1995
Pages
61 - 71
Database
ISI
SICI code
0165-1765(1995)48:1<61:WDAAUT>2.0.ZU;2-7
Abstract
If unions appropriate quasi-rents from relation-specific capital, obse rved factor prices no longer reflect effective costs. Unionism has eff ects akin to a partial factor tax on capital. Demand curve settlements need not imply higher K/L among union firms.