China's transition to a market economy with ‘Chinese characteristics' has fundamentally transformed the foundations of its labour market and the relationship between state, labour, and capital. Since the 2000s, there has been a proliferation of labour laws, policies, and institutions for...

One of the best keep secrets in New York law is that most labor unions are immune from legal liability simply because they are organized as an unincorporated association. In jurisdictions such as New York, which follow common law, unions have this immunity because plaintiffs cannot met the...

Do unions promote creative destruction? In this paper we apply a shift-share approach and historical unionisation data from 1918 to study the impact of changes in regional unionisation on regional wage and productivity growth and job creation and destruction during the period 2003-2012. As local...

This paper investigates the impact of labor unionization on IPO underpricing. We demonstrate that the existence of unions reduces underpricing by 11.20%. Unionized IPOs are associated with downward offer-price revisions, higher cost of capital, inferior firm-operating performance, and...

We exploit tax-induced exogenous variance in the price of union membership to identify the effects of changes in firm union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in union density lead to substantial increases in firm...

Spatial variance in union membership has been attributed to the favourable attitudes that persist in areas with an historical legacy of trade unionism. Within the UK, villages and towns located in areas once dominated coalmining remain among the strongest and durable bases for the trade union...

Using a large employer-employee dataset, we provide new evidence on the relationship between the gender pay gap and industrial relations from within German workplaces. Controlling for unobserved workplace heterogeneity, we find no evidence that introducing or abandoning collective agreements or...

Arguments that worker unionization leads to changes in productivity, employment, or business survival find little support in the literature. While unionization may have limited impact in good states, unionized workers are entitled to special treatment in bankruptcy court. This shift in...

What type of businesses attract unions? A theory of union learning and organizing is developed to provide an answer to this question. A union monitors establishments in an industry to learn about their productivity and decides which ones to organize. An establishment becomes unionized if the...

What is the effect of unionization on corporate financial policies? The average unionized firm responds with lower cash and higher leverage to a unionization election than the average firm escaping unionization. However, using a regression discontinuity design I find that the causal effect of...