DiNardo, John E.; Hallock, Kevin F.; Pischke, Jörn-Steffen - 2000
unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a … variety of data sets, we examine the implications of the model for the relationship between the employment and wages of …