CHANNILLO

Chapter Ten: Strengthen Labor Unions (2)
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plans but 17.7 percent less on defined-contribution plans. As defined-benefit plans are preferable, since they provide workers with more financial security, union workers are more likely to have the better form of pension plans.

Union workers also get more paid time off. Their nearly three weeks of vacation amount to about three days more than nonunion workers receive. Including both vacations and holidays, union workers enjoy 14.3 percent more paid time off.

Unionized employers pay 77.4 percent more in health insurance costs per hour, 24.7 percent more because of the greater incidence and 52.7 percent because of the better benefit.

Declining Unionization and Increasing Inequality

The effect of the erosion of unionization on the wages of a segment of the workforce depends on the degree to which deu...

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