Vetter, Henrik <br/><br/>
Golden age and golden rule in unionized economies 

 -  2007 
 - p.100-07. 
 - Winter 
<br/><br/> Golden Age and Golden Rule growth paths exemplify different ways to distribute income. In a recent article. Frank Thompson describes the difference between the two. In particular, the Golden Age is characterized by conflict between capital owners and workers. Despite this, workers act competitively; they are passive, taking whatever wage they are offered. In this extension and reexamination of Thompson's results, we assume that workers organize in a union when there is conflict with capitalists. - Reproduced. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Wages