TRADE UNIONS AND TRANSFER PAYMENTS: WHEN ARE THEY REASONS TO PREFER DEMOCRACY TO DICTATORSHIP?

Preprint OPEN
John E. Roemer;
(2003)

Under dictatorship, trade unions and strikes are illegal, and so wages are low and employment is full. Under democracy, there are two institutional innovations: trade unions, which can keep the wage about the Walrasian level, and the citizen franchise, by which citizens... View more
Share - Bookmark