Work

Labor Unions and the Economic Performance of Firms

Year: 1991

Type: book

Abstract: Hirsch develops a model of union rent-seeking in which the unions capture a share of quasi-rents that make up the normal ROI in long-lived capital and R&D. He finds that in response, firms adjust their investments in vulnerable tangible and intangible capital. Hirsch also attempts to explain the connection between the contraction of the size of unions which occurred in the 1970s and firms' lower profitability, diminished market value, and lower investment levels.

DOI: 10.17848/9780585283005

Author: Barry T. Hirsch

Institutions: Florida State University, W.E. Upjohn Institute for Employment Research

Language: English

Topic: Labor Movements and Unions

Subfield: Public Administration

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Funders: W.E. Upjohn Institute for Employment Research, Institut für Arbeitsmarkt- und Berufsforschung

OpenAlex ID: W2010885321

FWCI: 12.65

Cites: 100

Cited by: 145

Related to: 10