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Unionism, Price-Cost Margins, and the Return to Capital / Richard B. Freeman.
- Format:
- Book
- Author/Creator:
- Freeman, Richard B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w1164.
- NBER working paper series no. w1164
- Language:
- English
- Subjects (All):
- Capital--United States.
- Capital.
- Labor unions--United States.
- Labor unions.
- Profit--United States.
- Profit.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1983.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1983.
- Summary:
- This paper examines available industry data on two profitability measures, the price-cost margin and the ratio of quasi-rents to capital, for the purpose of determining the effect of unionism on profits. It finds that unionism reduces profitability and that this effect occurs in highly concentrated industries. The effect of unionism is quite substantial in most calculations, suggesting that the fraction organized in a sector be included in standard Industrial Organization profitability calculations in the future.
- Notes:
- Print version record
- July 1983.
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