Aizawa, Naoki; Fang, Hanming; Komatsu, Katsuhiro - National Bureau of Economic Research - 2024
The United States has experienced a significant decline in labor unions over the past half-century. We examine the … aggregate labor market impact of labor unions, the causes of their decline, and their welfare and distributional consequences … insurance expansions contribute to the union's decline. We then develop and estimate an equilibrium labor search model where …