In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a …

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion … significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a … ; membership ; risk aversion ; trade union …

We analyze union behavior in a model with membership dynamics and compare the labor market outcomes to static union …'s time preference whether static frameworks overrate or even underrate unions' distortions. -- unions ; endogenous membership …

In the absence of closed-shops and discriminatory wage policies, union membership can be explained by the existence of … Great Britain, we find evidence for social custom effects in the determination of trade union membership in both countries …. -- Trade union membership ; social custom ; wage bargaining …