A Comparison of the Cyclical Behavior of Union and Nonunion Wages in the United States
利用当前人口调查数据构建准面板,分析工会与非工会工资在经济周期中的变化,发现1980年代前两者周期行为相似,之后工会工资周期敏感性下降与议价能力周期变化减弱有关。
This paper presents an extensive analysis of the behavior of union and nonunion wages over the business cycle, using quasi-panels developed from the Current Population Survey, in an attempt to resolve or reconcile competing claims about the cyclical behavior of union and nonunion wages. Union wages were roughly as procyclical as nonunion wages were, prior to the early 1980s. Substantial reductions in union wage procyclicality since then are associated with reductions in the procyclical exercise of bargaining power.