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Arbitrator Behavior and the Variances of Arbitrated and Negotiated Wage Settlements

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  • Currie, Janet

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. Copyright 1994 by University of Chicago Press.

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Labor Economics.

Volume (Year): 12 (1994)
Issue (Month): 1 (January)
Pages: 29-40

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Handle: RePEc:ucp:jlabec:v:12:y:1994:i:1:p:29-40

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Web page: http://www.journals.uchicago.edu/JOLE/

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Cited by:
  1. Pull, Kerstin, 1999. "What is the fair wage? A model of as-if-co-operation," Quint-Essenzen 58, Institute for Labour Law and Industrial Relations in the European Community (IAAEG), University of Trier.

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