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Title: Miners' Wages in Post-War Britain: An Application of a Model of Trade Union Behavior
Authors: Oswald, Andrew
Alan A. Carruth
Issue Date: 1-Jul-1984
Citation: Economic Journal, Vol. 95, No. 380, December 1985
Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 175
Abstract: The paper studies the determination of wages in the British coal industry. A utility—maximising model of a trade union is used to represent the behaviour of the National Union of Mineworkers. A non- linear structural model is derived and is estimated by Full Information Maximum Likelihood. The results are quite encouraging: there is support for a neo-classical demand curve for miners’ labour, and a significant estimate of workers‘ relative risk aversion.
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Appears in Collections:IRS Working Papers

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