In this paper we provide new estimates of the impact of unions on nonunion wage setting. We allow the presence of unions to affect nonunion wages both through the typically discussed channel of nonunion firms emulating union wages in order to fend off the threat of unionisation and through a...

"We evaluate the impact of product market uncertainty on workers wages, addressing the questions: To what extent do firms provide insurance to their workforce, insulating their wages from shocks in product markets? How does the amount of insurance provided vary with firm and worker attributes?...

Intro -- Contents -- Acknowledgements -- 1. Introduction -- 2. Methods -- 3. Time and Location -- 4. Morale -- 5. Company Risk Aversion -- 6. Internal Pay Structure -- 7. External Pay Structure -- 8. The Shirking Theory -- 9. The Pay of New Hires in the Primary Sector -- 10. Raises -- 11....