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Worker movements played a crucial role in making workplaces safer. Workplace safety is costly for firms but increases labour supply. A laissez-faire approach leaving safety of workplaces unknown is suboptimal. Safety standards set by better-informed trade unions are output and welfare...
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This paper finds that rapid de-unionization can explain the sudden vanishing of the procyclicality of productivity in … firing workers due to the decline in union power prompted firms to rely less on labour hoarding, making productivity less … the decline in union density can generate more than half of the observed drop in the procyclicality of productivity …
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