Ingram, P., Metcalf, David and Wadsworth, Jonathan (1992) Do strikes pay? CEPDP (92). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Full text not available from this repository.Abstract
One-in-forty manufacturing settlements involved a strike during the 1980s. Strike days lost were equivalent to half a day for each worker in manufacturing. On average, for the decade as a whole, real pay increases where there was a strike were 0,7 per cent a year higher than settlements without a strike. Larger bargaining groups were more likely to achieve above average pay increases from strike action than were bargaining groups with fewer employees. After controlling for other influences on settlements a strike is found to boost the annual real pay rise by 0.3 per cent, equivalent to 45 pounds a year in 1991. The "average" strike in this sample lasts 11 days. Such a strike requires the wage gain for 30 years (with a discount rate of .06 or less) for the benefit to at least equal the cost. This hints that the average strike may not be a good investment for the union. But shorter strikes are more likely to be worthwhile.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1992 the authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 20 Aug 2008 15:43 |
| Last Modified: | 13 Sep 2024 19:33 |
| URI: | http://eprints.lse.ac.uk/id/eprint/21035 |
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