A Number of Economists Have Estimated the Impact of Unionization

question 51

Multiple Choice

A number of economists have estimated the impact of unionization on workers' wages.Which of the following is one conclusion reached by these studies?

• A)Union workers earn less than they would if they were not unionized. This is because of the impact of workers' strikes, during which union members do not receive wages.
• B)Holding constant the impact of other factors that affect wages, being in a union has no impact on a worker's wages.
• C)Being in a union increases a worker's wages by about 10 percent, holding constant other factors that influence wages.
• D)The share of national income received by workers has increased significantly over time; unions have been responsible for about one-half of the increase in workers' share of national income from the end of World War II to 2000.

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Definitions:

Longitudinal Study

A research method that involves observing the same subjects over a long period, often to detect changes or developments in the studied phenomena.

Long-term Memory

A type of memory capable of storing information for a prolonged period, ranging from days to a lifetime.

Short-term Memory

A thinking apparatus of limited scope, aimed at briefly sustaining information pending processing.

Longitudinal Study

A research method that involves observing the same subjects over a period of time, often years or decades.