Books reviewed: Employment with Human Face: Balancing Efficiency, Equity, and Voice by John W. Budd. ILR Press, an imprint of Cornell University Press, Ithaca and London, 2004. Workplace Justice Without Unions by Hoyt B. Wheeler, Brian S. Klaas and Douglas M. Mahony. W.E. Upjohn Institute for...

The global financial crisis and recession have placed great strains on the free market ideology that has emphasized economic objectives and unregulated markets. The balance of economic and noneconomic goals is under the microscope in every sector of the economy. It is time to re-think the...

This paper empirically examines the widespread belief that voluntarily negotiated agreements produce better long-run relationships than third-party imposed settlements, such as arbitrator decisions or court judgments. Two key outcomes are analyzed – subsequent player performance and the...

The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit...

How and why has the wage distribution in U.S. grocery stores changed between 1984 and 1994? Unlike other industries in the time period, the important change in the wage distribution is not rising inequality, but the real wages fell across the entire wage distribution. Changes in labor market...

Some critics of proposed legislative labor policy changes contend that laws favoring labor would adversely affect business investment. Research on labor policy, however, often assumes that investment is fixed. The authors present a sequential bargaining model in which labor policies that...

Using Current Population Survey data supplemented with data from other sources, the authors analyze changes in the wage distribution in the U.S. grocery stores industry between 1984 and 1994. They find that in this industry, unlike in many others, wage inequality did not increase. Instead, real...