Wage Contract Settlements in U.S. Manufacturing

Vroman, Wayne

doi:10.2307/1935990

Cited by 53 publications

(28 citation statements)

References 6 publications

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“…These observations have been excluded, leaving 10945 observations for our working sample. 11 The nature, incidence, and intensity of COLA clauses and their implications, particularly for modelling wage adjustment, are analyzed in, inter alia, Card (1983Card ( ,1986), Christofides (1987Christofides ( ,1990), Cousineau, Lacroix and Bilodeau (1983), Ehrenbrerg, Danziger and San (1984), Hendricks and Kahn (1985), Kaufman and Woglom (1984), Mitchell (1980), and Vroman (1984). 12 Because of the smaller number of contracts, the first two and the last three years in the sample are considered together in everything that follows.…”

Section: Data and Sourcesmentioning

confidence: 99%

“…Its implementation is described in the following three stages: Then the probability histogram of the actual wage-growth distribution for year t is defined as the collection of these heights P t = {P jt } j=−J,...,0,...,J . 18 Our aim is to parameterise P jt under the two hypotheses…”

Section: Testing Frameworkmentioning

confidence: 99%

“…where b N j and b R j are parameter vectors, and z N jt and z R jt are vectors of observables, and subsequently formulate hypotheses in terms of the parameter vectors that are equivalent to those in 18 The probability histograms are 'standardised' in the sense that the bin index j indicates the bin's position relative to the position of the bin containing the median. In particular, the bin indexed by j = 0 contains the median of the actual wage-growth distribution, bins indexed by j < 0 lie to the left of the median bin, and bins indexed by j > 0 lie to its right.…”

Section: Testing Frameworkmentioning

confidence: 99%

“…The inflation climate, which in general terms 1 An extensive review of the literature is contained in Christofides and Leung (2003). 2 Much more information is provided in the proceedings of the project's Final Conference (June [17][18]2004). …”

Section: Introductionmentioning

confidence: 99%

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Real and nominal wage rigidities in collective bargaining agreements

Christofides

Nearchou

2007

Labour Economics

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An earlier study of wage agreements, reached in the Canadian unionized sector between 1976-99, found that wage adjustment is characterized by downward nominal rigidity and significant spikes at zero. We extend this earlier approach to encompass the possibility of real as well as nominal wage rigidity. The addition of real wage rigidity variables enhances earlier results and suggests that real rigidity increases significantly the mass in the histogram bin containing the mean expected rate of inflation, as well as in adjacent bins. Downward nominal wage rigidities and spikes at zero remain important.JEL Classification: J52,J31

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Section: Data and Sourcesmentioning

confidence: 99%

Section: Testing Frameworkmentioning

confidence: 99%

Section: Testing Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Real and nominal wage rigidities in collective bargaining agreements

Christofides

Nearchou

2007

Labour Economics

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“…In a two-equation framework, Stengos and Swindinsky (1990) find evidence both of selection induced by the strike outcome and a (small) wage premium for strikers. Good examples using US data are Vroman (1984) andMcConnell (1989). Whereas Vroman finds no relationship between strike duration and wages, McConnell (1989) finds a negative relationship between strike duration and the unpredictable component of the wage.…”

Section: Introductionmentioning

confidence: 99%

Strike Outcomes and Wage Settlements in Spain

Jiménez-Martín

2004

SSRN Journal

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This paper analyzes collective bargaining using Spanish firm level data. Central to the analysis are the joint determination of wage and strike outcomes in a dynamic framework and the possibility of segregate wage equation for strike and non-strike outcomes. Conditional to strikes taking place, we confirm a negative relationship between strike duration and wage changes in a dynamic context. Furthermore, we find selection in wage equations induced by the strike outcome. In this sense, the possibility of wage determination processes being different in strike and non-strike samples is not rejected by the data. In particular, wage dynamics are of opposite sing in both strike and non-strike equations. Finally, we find evidence of a 0.33 percentage points wage change strike premium.JEL CODE: J52-C33-C35

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Strategic bargaining models and interpretation of strike data

1989

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Attrition, screening, and signalling models of strategic bargaining are characterized in terms of their predictions about the incidence, mean duration, and settlement rates of strikes and the terms of wage settlements. These predictions are compared with the general features observed in empirical studies of strikes in Canada and the United States. Conclusions are drawn about the types of models capable of generating these features, and about the conformity of the models to the evidence. Methods are described for computing the numerical examples used to illustrate the models.

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Wage Contract Settlements in U.S. Manufacturing

Cited by 53 publications

References 6 publications

Real and nominal wage rigidities in collective bargaining agreements

Real and nominal wage rigidities in collective bargaining agreements

Strike Outcomes and Wage Settlements in Spain

Strategic bargaining models and interpretation of strike data

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