The aggregate finances of American unions in the 1970s are examined and compared with their state in 1962. We find that unions' real financial wealth declined in the 1970s to the levels of the previous decade, while their real income grew at a much slower rate than during the 1960s. These results suggest that unions may face financial as well as operational problems in the future.
All Science Journal Classification (ASJC) codes
- Strategy and Management
- Organizational Behavior and Human Resource Management
- Management of Technology and Innovation