Unions and Firm Solvency

该项目的目的是提供第一个严格的 工会化对企业影响的实证分析 工厂关闭导致的破产、清算和失业。一 一致的经验发现是，工会提高工资高于那些 在非工会企业和竞争激烈的产品市场中， 人们会发现，工会化的公司会走出 企业比非企业多。然而，如果工会参与 在经济困难时期， 加入工会的公司可能会通过返还一些资金来保持偿付能力。 这些租金。 这些潜在的结果将首先进行经验分析 审查加入工会的公司破产的程度 相对于非企业。第二，企业的衰退程度 与非工会化的行业相比，工会化的行业将 测定最后，工会工厂关闭的程度， 相对于未加入工会的失业工人， 研究了数据来源：CIMSTAT，Census of Manufactures 工厂关闭，当前人口调查，以及新的 将使用这些公司提供的调查数据。 该项目将在以下两个领域作出重要贡献： 经济学-劳动经济学和产业组织。的 结果将提高我们对公司倒闭的理解， 工会对公司业绩的影响，以及这些影响与 利润水平、就业和产业结构。

The purpose of the project is to provide the first rigorous empirical analysis of the impact of unionization on firm bankruptcy, liquidation and unemployment due to plant closings. A consistent empirical finding is that unions raise wages above those found in nonunion firms and that in a competitive product market one would expect to find that unionized firms would go out of business more than nonunion firms. However, if unions engage in economic rent sharing then during periods of economic hardship unionized firms may be able to remain solvent by giving back some of these rents. These potential outcomes will be empirically analyzed by first examining the extent to which unionized firms become insolvent relative to nonunion firms. Second, the extent to which firms drop unionized lines of business relative to nonunionized ones will be determined. Finally, the extent to which unionized plants close and workers become unemployed relative to nonunionized ones will be investigated. Data from COMPUSTAT, Census of Manufactures data on plant closings, the Current Population Survey, as well as new survey data developed from these companies will be used. The project will make an important contribution in two areas of economics - labor economics and industrial organization. The results will improve our understanding of firm shutdowns, the role of unions on firm performance and how these are related to varying levels of profit, employment and industrial structure.