distributions of alternative wages for workers, it pushes employers toward the middle of the quality distribution. Second, union … standard-rate policies allow union?ununion differences in wages for workers of a given qualityto exist even when union …

This paper examines the role of union wage contracts in the persistence of inflation, and the implication of these … oriented toward the major union sector is developed. The model takes account of expectations of future wage, price, and … reduction raises questions about whether the institution of union wage con- tracts is really the direct cause of costly …