Greenwood, Jeremy; Dinlersoz, Emin M. - National Bureau of Economic Research (NBER) - 2012
Union membership displayed a ∩-shaped pattern over the 20th century, while the distribution of income sketched a ∪. A model of unions is developed to analyze these phenomena. There is a distribution of firms in the economy. Firms hire capital, plus skilled and unskilled labor. Unionization...