Whereas most recent research examining the effects of the NLRA on labor-management relations has focused on the impact of specific provisions of the law, this study provides an estimate of the impact of the passage of the NLRA on 75 firms that were at great risk of being unionized in the 1930s....

From an analysis of data for 1962-82, the authors find that strikes substantially affect shareholder equity as measured by the change in stock prices associated with strikes. Over that period the average strike involving 1,000 or more workers resulted in a 4.1% drop in shareholder equity,...

Recent studies have investigated arbitrator decision rules in both experimental and field settings. The authors of this paper evaluate the external validity of experimental studies by comparing the decisions made in an experiment with those made in actual cases by the same arbitrators. The...

This study uses a Monte Carlo simulation to examine how the relationship between pay and performance is affected by the pay system, measurement error in appraising performance, the consistency of true performance over time, and the rules governing promotion decisions. The authors find that...

Recent studies have investigated arbitrator decision rules in both experimental and field settings. The authors of this paper evaluate the external validity of experimental studies by comparing the decisions made in an experiment with those made in actual cases by the same arbitrators. The...

In final offer arbitration the decision of the arbitrator provides the parties with information about the preferences of the arbitrator that is not available prior to the award. Using data from Wisconsin teacher negotiations from 1977 to 1986, the authors find that the information contained in...

Drawing on agency theory, this study examines union-nonunion differences in the allocation of both firm profits and business risk to employees and shareholders. Using a sample of more than 1,000 large private sector firms, the authors find that over the period 1970-81 shareholders in unionized...