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Unions and equity

Abstract:

Trade unions have been successful in compressing the wage distribution but not in influencing the share of national income going to labour. This paper claims that a compressed wage distribution provides insurance in the same way that the tax and benefit system does and thus may be welfare-improving. Moreover, a union-based wage compression system may be better than a conventional tax-benefit system in providing such insurance and may well complement the operation of the latter. Models of wage...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2000-07-01
Paper number:
17
Keywords:
Pubs id:
1144394
Local pid:
pubs:1144394
Deposit date:
2020-12-15

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