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This study empirically addresses claims about the effects of strikes on output growth, inflation, and non … 1982-2018. We find empirical support for a strikes shock's transitory negative impact on the country's output growth. In … any case, this was not contested. Our findings, however, contradict the claims that strikes ensue inflation and …
Persistent link: https://www.econbiz.de/10015074734
This paper demonstrates that dynamic computable general equilibrium (CGE) simulations can provide estimates of the economy-wide effects of industrial stoppages. Such estimates could be used in broad discussions of the contribution to economic welfare of improved industrial relations. They could...
Persistent link: https://www.econbiz.de/10008565231
This exploratory paper examines the relationship between Australian and world strike activity between 1960 and 1998. Appropriate indices are constructed for which evidence of a long-run equilibrium relation is found between Australian and world strike activity. The evidence suggests Australian...
Persistent link: https://www.econbiz.de/10008565332
Persistent link: https://www.econbiz.de/10001702052
Persistent link: https://www.econbiz.de/10005776238
We consider efficiency wage effects in a union-firm bargaining model with private information. We show that efficiency wage effects do not necessarily increase the wage level at equilibrium. However, if it is commonly known that the union is stronger than the firm and the productivity enhancing...
Persistent link: https://www.econbiz.de/10004985350
composition of disputes away from costly strikes. Consistent with improved bargaining efficiency, we find that the announcement of …
Persistent link: https://www.econbiz.de/10004988749
Labor disputes are an intriguing feature of the landscape of industrialized economies. Economists have had a long-standing interest in formulating a framework for understanding and analyzing labor disputes. The development of noncooperative bargaining theory provided the tools for a theory of...
Persistent link: https://www.econbiz.de/10004988760
In the labor relations area no issue generates as much controversy and division between labor and management as does the legislative ban on replacement workers. In the United States, the issue of a ban on permanent replacement workers has come before Congress four times since 1988, although the...
Persistent link: https://www.econbiz.de/10004988780
We study wage bargaining in which the union is uncertain about the firm's willingness to pay and threat payoffs vary over time. Strike payoffs change over time as replacement workers are hired, as strikers find temporary jobs, and as inventories or strike funds run out. We find that bargaining...
Persistent link: https://www.econbiz.de/10004988782