Citation

Discussion Paper Details

Please find the details for DP288 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: The Factorial Distribution of Income in the Union Bargaining Model

Author(s): Michael Beenstock

Publication Date: March 1989

Keyword(s): Bargaining, Unions and Wage Share

Programme Area(s): Applied Macroeconomics

Abstract: Attention is focused on the implications of the Union Bargaining Model (UBM) for the factorial distribution of income. It is shown that when the contract curve is given, greater union bargaining power raises the wage share. We argue, however, that the factors that strengthen the bargaining power of unions are likely to induce offsetting shifts in the contract curve. A simulation exercise indicates that the shift in the contract curve is likely to be of secondary importance in determining the wage share.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=288

Bibliographic Reference

Beenstock, M. 1989. 'The Factorial Distribution of Income in the Union Bargaining Model'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=288