TAILIEUCHUNG - Lecture Labour market economics: Chapter 16 - Dwayne Benjamin, Morley Gunderson, Craig Riddell

Chapter 16 - Union impact on wage and nonwage outcomes. This chapter includes contents: Impact unions have on wages, effect on nonunion wages, increase or decrease level of income inequality, economic inefficiency, effects on labour productivity, effect on profits of firm. | Chapter Sixteen Union Impact on Wage and Nonwage Outcomes Created by: Erica Morrill, Fanshawe College Chapter 16- © 2002 McGraw-Hill Ryerson Ltd. Chapter Focus Impact unions have on wages Effect on nonunion wages Increase or decrease level of income inequality Economic inefficiency Effects on labour productivity Effect on profits of firm Chapter 16- © 2002 McGraw-Hill Ryerson Ltd. Union Wage Impact Two sector model higher wages associated with unionization workers move to the unorganized sector depressing wages the magnitude of the union-nonunion wage differential depends on: elasticity of labour demand in each sector the ability of union to raise wages the elasticity of labour supply Chapter 16- © 2002 McGraw-Hill Ryerson Ltd. Figure a Two-Sector Model of General Equilibrium W E W E Sector A Sector B DA DB SA SB W0 EA1 Wu EA0 a b EB0 S’B WN EB1 a W0 Chapter 16- © 2002 McGraw-Hill Ryerson Ltd. Figure b Union Wage Impact with a Threat Effect W E Sector B

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