NBER WORKING PAPER SERIES EMPLOYMENT, WAGES, AND UNIONISM IN A MODEL OF THE AGGREGATE LABOR MARKET IN BRITAIN John Pencavel Working Paper No. 3030 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 July 1989 For very capable computational assistance I am indebted to Michael Topper. The comments of Andrew Oswald on an earlier draft of this paper are gratefully acknowledged. This research was undertaken with support from the Center for Economic Policy Research at Stanford University. This paper is part of NBER's research program in Labor Studies. Any opinions expressed are those of the author not those of the National Bureau of Economic Research.