Disclosure, Collective Bargaining and Inflation: Some Empirical Evidence

  • B. J. Foley
  • K. T. Maunders

Abstract

Among the various arguments put forward against greater disclosure of company information to union negotiators perhaps the most important is that the shift in bargaining power which such a policy is expected to produce will result in an increase in the rate of wage inflation. Two questions would appear to spring directly from this argument:
  1. (1)

    To what extent can trade unions, by the exercise of their monopoly power, exert continuous upward pressure on the wage level independently of general economic conditions?

     
  2. (2)

    Will greater knowledge of company information of a financial and economic nature produce a rise in trade union pressure or ‘pushfulness’ and an increase in negotiated wage rates?

     

Keywords

Income Parkin Trade Unionism Hines Concession 

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Copyright information

© B. J. Foley and K. T. Maunders 1977

Authors and Affiliations

  • B. J. Foley
    • 1
  • K. T. Maunders
    • 2
  1. 1.University of HullUK
  2. 2.University of LeedsUK

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