Bargaining Power, Strike Durations, and Wage Outcomes: An Analysis of Strikes in the 1880s | Zendy

David Card | Zendy; Craig A. Olson | Zendy

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Bargaining Power, Strike Durations, and Wage Outcomes: An Analysis of Strikes in the 1880s

Author(s) -

David Card,

Craig A. Olson

Publication year - 1995

Publication title -

journal of labor economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 8.184

H-Index - 109

eISSN - 1537-5307

pISSN - 0734-306X

DOI - 10.1086/298367

Subject(s) - wage , economics , bargaining power , labour economics , work (physics) , wage bargaining , efficiency wage , power (physics) , attrition , microeconomics , engineering , physics , quantum mechanics , mechanical engineering , medicine , dentistry

Strike outcomes in the 1880s had a "winner-take-all" character. Successful strikes ended with a discrete wage gain; failed strikes ended with a return to work at the prestrike wage. We present a theoretical interpretation of these outcomes based on a war-of-attrition model. We fit an empirical model specifying the capitulation times of the two parties and the size of the wage gain in the event of a strike success. The results show a systematic relation between the determinants of strike success and the determinants of the wage gain for a successful strike.

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