Risk Preference and the Interindustry Propensity to Strike
Bibliographic Data
| ID | 3175808 |
|---|---|
| Authors | J Paul Leigh (0000-0002-5031-0539, corresponding author) |
| Year | 1983 |
| Volume | 36 |
| Issue | 2 |
| Pages | 271 |
| Publication date | 1983-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2523078 |
| OpenAlex | W4241950774, W1977377844 |
| Language | EN |
| Citations received | 1 |
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
Actuarial science · Business · Demographic economics · Economics · Labour economics · Manufacturing · Microeconomics · Panel Study of Income Dynamics · Preference · Employment and Welfare Studies · Global trade and economics · Labor market dynamics and wage inequality · Labor Movements and Unions · Marketing · Psychology
| Citations per year | 0.03 |
|---|---|
| Citation span | 1996 - 1996 (1) |
| Highly cited | No |