6533b838fe1ef96bd12a4f30
RESEARCH PRODUCT
How Trade Unions Increase Welfare
Klaus WäldeKlaus WäldeKlaus WäldeAlejandro Donadosubject
Labour economicsLaissez-faireLabour supplymedia_common.quotation_subjectSAFERBusinessSafety standardsWorkplace safetySet (psychology)WelfareOccupational safety and healthmedia_commondescription
Historically, worker movements have played a crucial role in making workplaces safer. Firms traditionally oppose better health standards. According to our interpretation, workplace safety is costly for firms but increases the average health of workers and thereby the aggregate labour supply. A laissez faire approach in which firms set safety standards is suboptimal as workers are not fully informed of health risks associated with jobs. Safety standards set by better informed trade unions are output and welfare increasing.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2010-01-01 | SSRN Electronic Journal |