Labor economic

    a. Some argue that labor unions cause labor productivity to fall while others argue that they increase labor productivity. Provide arguments that might support each view. b. An Excel file exists on D2L with each student’s name. The file is named “Medoff Data Set for (your name)”. The data includes time series as follows: lny = the natural logarithm of the Y/L ratio lnk = the natural logarithm of the K/L ratio U = labor union density T = trend Using this file, estimate the Freeman-Medoff function discussed in lecture and provide an estimate for c. Discuss the regression results and comment on whether labor unions add or subtract from labor productivity using your empirical results,.