This study analyzes the relationship between strike activity and output among disaggregated manufacturing industries. A major finding is that in many manufacturing industries, strikes have no discernible effect on industry output. Even when strikes are found to have a statistically significant...

Discussions of strike activity, and in particular of the costs of strike activity, generally ignore the existence of capital markets. If strikes are costly and if they are predictable, the presence of capital markets limits the losses that can be imposed on firms. This paper examines the effect...