TY  - JOUR
AU  - Freeman,Richard B.
TI  - Unionism, Price-Cost Margins, and the Return to Capital
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1164
PY  - 1983
Y2  - July 1983
UR  - http://www.nber.org/papers/w1164
L1  - http://www.nber.org/papers/w1164.pdf
N1  - Author contact info:
Richard B. Freeman
NBER
1050 Massachusetts Avenue
Cambridge, MA  02138
Tel: 617/868-3900
Fax: 617/868-2742
E-Mail: freeman@nber.org
AB  - This paper examines available industry data on two profitability measures, the price-cost margin and the ratio of quasi-rents to capital, for the purpose of determining the effect of unionism on profits. It finds that unionism reduces profitability and that this effect occurs in highly concentrated industries. The effect of unionism is quite substantial in most calculations, suggesting that the fraction organized in a sector be included in standard Industrial Organization profitability calculations in the future.
ER  -