Journal of Labor Economics Vol. 12 No. 1 1994
Arbitrator Behavior and the Variances of Arbitrated and Negotiated Wage Settlements
Abstract
The variance of arbitrated wage settlements is significantly lower than the variance of negotiated wage settlements in a sample of teachers' contracts, even when possible selection of contracts into arbitration is accounted for. This result is consistent with the hypothesis that arbitrated settlements do not incorporate all of the information that is reflected in negotiated settlements.
- DOI
- 10.1086/298342
- Volume
- 12
- Issue
- 1
- Pages
- 29-40
- Language
- en
- Sources
- openalex crossref