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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 a better than a conventional taxbenefit system in providing such insurance and may well complement the operation of the latter. Models of wag...

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Authors


Terry O`Shaughnessy More by this author
Volume:
17
Series:
Discussion paper series
Publication date:
2000
URN:
uuid:4859ecc7-c4f8-45c1-8354-80338d21cdaa
Local pid:
ora:1053
Language:
English

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