Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis
We examine bargaining legislation effects on the union and management reconciliation decisions following announcement of a strike using a bivariate duration model. The durations associated with the two groups are latent, and we argue that under weak assumptions the key parameters are identified. Sim...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | English |
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2024
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| Online Access: | https://hdl.handle.net/10356/174688 |
| _version_ | 1826112201387147264 |
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| author | Reza, Sadat Rilstone, Paul |
| author2 | Nanyang Business School |
| author_facet | Nanyang Business School Reza, Sadat Rilstone, Paul |
| author_sort | Reza, Sadat |
| collection | NTU |
| description | We examine bargaining legislation effects on the union and management reconciliation decisions following announcement of a strike using a bivariate duration model. The durations associated with the two groups are latent, and we argue that under weak assumptions the key parameters are identified. Simulation studies show that the latent parameters are reliably estimable in finite samples. We use a large Canadian dataset to estimate effects of several policies on the strike continuation probabilities of workers and management. Our results suggest that several of these policies affect workers’ decision to continue stoppage or not. On the other hand, management reconciliation decision is largely unaffected by most of these policies. Our study also reveals interesting behavioural differences among management and workers depending on jurisdiction, sector, and firm characteristics. |
| first_indexed | 2024-10-01T03:03:23Z |
| format | Journal Article |
| id | ntu-10356/174688 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:03:23Z |
| publishDate | 2024 |
| record_format | dspace |
| spelling | ntu-10356/1746882024-04-11T15:37:20Z Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis Reza, Sadat Rilstone, Paul Nanyang Business School Business and Management Bargaining Computer simulation We examine bargaining legislation effects on the union and management reconciliation decisions following announcement of a strike using a bivariate duration model. The durations associated with the two groups are latent, and we argue that under weak assumptions the key parameters are identified. Simulation studies show that the latent parameters are reliably estimable in finite samples. We use a large Canadian dataset to estimate effects of several policies on the strike continuation probabilities of workers and management. Our results suggest that several of these policies affect workers’ decision to continue stoppage or not. On the other hand, management reconciliation decision is largely unaffected by most of these policies. Our study also reveals interesting behavioural differences among management and workers depending on jurisdiction, sector, and firm characteristics. Submitted/Accepted version 2024-04-08T01:32:22Z 2024-04-08T01:32:22Z 2024 Journal Article Reza, S. & Rilstone, P. (2024). Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis. Oxford Economic Papers, 76(1), 115-135. https://dx.doi.org/10.1093/oep/gpac046 0030-7653 https://hdl.handle.net/10356/174688 10.1093/oep/gpac046 2-s2.0-85183021406 1 76 115 135 en Oxford Economic Papers © 2022 Oxford University Press. All rights reserved. This article may be downloaded for personal use only. Any other use requires prior permission of the copyright holder. The Version of Record is available online at http://doi.org/10.1093/oep/gpac046. application/pdf |
| spellingShingle | Business and Management Bargaining Computer simulation Reza, Sadat Rilstone, Paul Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis |
| title | Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis |
| title_full | Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis |
| title_fullStr | Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis |
| title_full_unstemmed | Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis |
| title_short | Effects of bargaining legislation on worker and management reconciliation decisions—a bivariate duration analysis |
| title_sort | effects of bargaining legislation on worker and management reconciliation decisions a bivariate duration analysis |
| topic | Business and Management Bargaining Computer simulation |
| url | https://hdl.handle.net/10356/174688 |
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