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- Title
Layoffs with Payoffs: A Bargaining Model of Union Wage and Severance Pay Determination.
- Authors
Booth, Alison L.
- Abstract
The article presents a model of union-management bargaining in which workers' layoff income is endogenously determined. Popular characterizations of trade union preferences assume that the income of laid-out union members is exogenous. Given the widespread existence of partial intra-union distribution schemes including severance pay, this paper provides a model of union-firm bargaining in which workers' layoff income is endogenously determined.
- Subjects
DISMISSAL of employees; LABOR unions; LAYOFFS; SEVERANCE pay; WAGES; INCOME
- Publication
Economica, 1995, Vol 62, Issue 248, p551
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554677