Risk preference and the inter-industry propensity to strike.
This paper presents a model of the determinants of a union's decision to strike. The model states that, assuming management is risk neutral, workers' tastes for risks will be one important determinant of the decision to strike. A risk preference variable from the Panel Survey of Income Dynamics and an injury and illness rate for each of 89 manufacturing industries serve as measures of workers' tastes for risk. The model predicts that industries with high injury rates will experience a disproportionate share of strikes and that a greater share of weakly risk-averse workers will be employed in strike-prone industries than in strike-free industries. The author discovers strong support for the first prediction, but not for the second. (Abstract courtesy JSTOR.)
Year of publication: |
1983
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Authors: | Leigh, J. Paul |
Published in: |
Industrial and Labor Relations Review. - School of Industrial & Labor Relations, ISSN 0019-7939. - Vol. 36.1983, 2, p. 271-285
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Publisher: |
School of Industrial & Labor Relations |
Saved in:
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