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31,988 result(s) for "Unionization"
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Unions, norms, and the rise in U.S. wage inequality
\"From 1973 to 2007, private sector union membership in the United States declined from 34 to 8 percent for men and from 16 to 6 percent for women. During this period, inequality in hourly wages increased by over 40 percent. We report a decomposition, relating rising inequality to the union wage distribution's shrinking weight. We argue that unions helped institutionalize norms of equity, reducing the dispersion of nonunion wages in highly unionized regions and industries. Accounting for unions' effect on union and nonunion wages suggests that the decline of organized labor explains a fifth to a third of the growth in inequality - an effect comparable to the growing stratification of wages by education.\" (Author's abstract, IAB-Doku). Die Untersuchung enthält quantitative Daten. Forschungsmethode: empirisch-quantitativ; empirisch; Längsschnitt. Die Untersuchung bezieht sich auf den Zeitraum 1970 bis 2010.
Labor Unions, Operating Flexibility, and the Cost of Equity
We study whether the constraints on firms’ operations imposed by labor unions affect firms’ costs of equity. The cost of equity is significantly higher for firms in more unionized industries. This effect holds after controlling for several industry and firm characteristics, is robust to endogeneity concerns, and is not driven by omitted variables. Moreover, the unionization premium is stronger when unions face a more favorable bargaining environment and is highly countercyclical. Unionization is also positively related to various measures of operating leverage. Our findings suggest that labor unions increase firms’ costs of equity by decreasing firms’ operating flexibility.
Revolutionary Rumblings
Revolutionary Rumblings — NOS Episode 2.1In the first podcast episode of NOS Season 2, “The Quiet Revolution in Medical Training,” host Lisa Rosenbaum talks with trainees, educators, and experts about the seeds of the current upheaval.
The Reversal of the Gender Gap in Education and Its Consequences for Family Life
Although men tended to receive more education than women in the past, the gender gap in education has reversed in recent decades in most Western and many non-Western countries. We review the literature about the implications for union formation, assortative mating, the division of paid and unpaid work, and union stability in Western countries. The bulk of the evidence points to a narrowing of gender differences in mate preferences and declining aversion to female status-dominant relationships. Couples in which wives have more education than their husbands now outnumber those in which husbands have more. Although such marriages were more unstable in the past, existing studies indicate that this is no longer true. In addition, recent studies show less evidence of gender display in housework when wives have higher status than their husbands. Despite these shifts, other research documents the continuing influence of the breadwinner-homemaker model of marriage.
When Unionization Disappears: State-Level Unionization and Working Poverty in the United States
Although the working poor are a much larger population than the unemployed poor, U.S. poverty research devotes much more attention to joblessness than to working poverty. Research that does exist on working poverty concentrates on demographics and economic performance and neglects institutions. Building on literatures on comparative institutions, unionization, and states as polities, we examine the influence of a potentially important labor market institution for working poverty: the level of unionization in a state. Using the Luxembourg Income Study (LIS) for the United States, we estimate (1) multi-level logit models of poverty among employed households in 2010; and (2) two-way fixed-effects models of working poverty across seven waves of data from 1991 to 2010. Further, we replicate the analyses with the Current Population Survey while controlling for household unionization, and assess unionization's potential influence on selection into employment. Across all models, state-level unionization is robustly significantly negative for working poverty. The effects of unionization are larger than the effects of states' economic performance and social policies. Unionization reduces working poverty for both unionized and non-union households and does not appear to discourage employment. We conclude that U.S. poverty research can advance by devoting greater attention to working poverty, and by incorporating insights from the comparative literature on institutions.
Cohabitation and Marriage: Complexity and Diversity in Union-Formation Patterns
Nonmarital cohabitation and marriage are now fundamentally linked, a fact that is routinely reflected in current research on union formation. Unprecedented changes in the timing, duration, and sequencing of intimate co-residential relationships have made the study of traditional marriage far more complex today than in the past. It is now clear that a white, middle-class, American-centric research template has become increasingly anachronistic. In this review article, we begin by providing an overview of contemporary theory, empirical approaches, and demographic trends in cohabitation and marriage, focusing primarily on the United States, but also distinguishing the U.S. from patterns found in other high-income societies, including European countries, Canada, Australia, and in East Asia. We place the spotlight on the causes and consequences of union transitions. We identify the commonalities between cohabitation and marriage, but also key differences that are expressed unevenly across different populations and cultural groups. The rise in nonmarital cohabitation has upended conventional theoretical models and measurement approaches to the study of traditional marriage, complicating matters but also reinvigorating family scholarship on union formation and its implications for partners, children, and society.
LONG-RUN IMPACTS OF UNIONS ON FIRMS: NEW EVIDENCE FROM FINANCIAL MARKETS, 1961-1999
We estimate the effect of new private-sector unionization on publicly traded firms' equity value in the United States over the 1961-1999 period using a newly assembled sample of National Labor Relations Board (NLRB) representation elections matched to stock market data. Event-study estimates show an average union effect on the equity value of the firm equivalent to $ 40,500 per unionized worker, an effect that takes 15 to 18 months after unionization to fully materialize, and one that could not be detected by a short-run event study. At the same time, point estimates from a regression discontinuity design—comparing the stock market impact of close union election wins to close losses—are considerably smaller and close to zero. We find a negative relationship between the cumulative abnormal returns and the vote share in support of the union, allowing us to reconcile these seemingly contradictory findings.
WORKER VOICE IN AMERICA
This article is the fifth in a series to celebrate the 70th anniversary of the ILR Review. The series features articles that analyze the state of research and future directions for important themes this journal has featured over many years of publication. The decline in unionization experienced in the United States over the past 40 years raises a question of fundamental importance to workers, society, and the field of industrial relations: Have workers lost interest in having a voice at work, or is there a gap between workers’ expectations for a voice and what they actually experience? And if a “voice gap” exists, what options are available to workers to close that gap? The authors draw on a nationally representative survey of workers that both updates previous surveys conducted in 1977 and 1995 and goes beyond the scope of these previous efforts to consider a wider array of workplace issues and voice options. Results indicate that workers believe they should have a voice on a broad set of workplace issues, but substantial gaps exist between their expected and their actual level of voice at work. Nearly 50% of non-union workers say they would vote for a union, compared to approximately one-third in the two prior national surveys, which points to continued interest in unions as a voice mechanism. Additionally, the authors find significant variation in the rates of use of different voice options and workers’ satisfaction with those options. The results suggest that a sizable voice gap exists in American workplaces today, but at the same time, no one voice option fits all workers or all issues.