Glossary of economics research
Results of search for union threat model follow:
union threat model:
"Firms may find it profitable to pay wages above the market clearing
level to try to prevent unionization." In a model this could lead to job
rationing and unemployment, just as efficiency wage models can.
Source: Katz, "Efficiency Wage Theories: A Partial Evaluation" NBER Macro
Annual 1986, p 250
Contexts: labor
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