Hirsch, Barry T. - Institute for the Study of Labor (IZA) - 2003
in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … profitability, as noted by Freeman and Medoff. Unions are found to tax returns stemming from market power, but industry … intangible capital and from firm-specific advantages. Lower profits and the union tax on asset returns leads to reduced …