Risk Aversion and Trade Union Membership

Trade union membership in Europe

Trade Union Membership and Influence 1999 - 2009

This paper analyses the continued decline of trade unions in Britain and examines the possible implications for workers, employers, and unions themselves. Membership of trade unions declined precipitously in the 1980s and 1990s. The rate of decline has slowed in the most recent decade, but we find that unions remain vulnerable to further erosion of their membership and influence. Acknowledgemen...

Uncertainty , Risk Aversion and International Trade ∗

This paper develops a general equilibrium model of international trade in homogenous intermediate inputs. In the model, trade between countries is driven by uncertainty in the delivery of inputs. Because their managers are risk-averse, final good firms contract with multiple suppliers to decrease the variability of their profits. The analysis shows that risk diversification provides an incentiv...

The Effects of Union Membership Status and Union-Management Climate

Currency ::union:: and Bilateral Trade: Evidence from OIC Countries

In recent years, there has been an increasing interest in currency :union:s internationally. The formation of currency :union: in Organization of Islamic Cooperation (OIC) has drawn much attention of Islamic countries. This paper aims to investigate the effect of currency :union: formation for trade among 49 Islamic countries over the period 1990-2012 by OCA and Augmented Gravity Model (AGM). T...