How trade unions increase welfare
Year: 2012
Type: article
Abstract: Historically, worker movements have played a crucial role in making workplaces safer. Firms traditionally oppose better health standards. According to our interpretation, workplace safety is costly for firms but increases average health of workers and thereby aggregate labour supply. A laissez-faire approach in which firms set safety standards is suboptimal as workers are not fully informed of health risks associated with jobs. Safety standards set by better-informed trade unions are output and welfare increasing.
Source: The Economic Journal
Authors: Alejandro Donado, Klaus Wa¨lde
Institutions: University of Würzburg, UCLouvain
Language: English
Topic: Labor Movements and Unions
Subfield: Industrial relations
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3023413381