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This paper presents evidence on two aspects of strike activity
associated with the renegotiation of union contracts: the effects of
contract characteristics on dispute probabilities; and the variation in
strike activity over tine within bargaining pairs. Cross-sectional and
longitudinal estimation…

One of the best documented relationships in economics is the link between education and
income: higher educated people have higher incomes. Advocates argue that education provides
skills, or human capital, that raises an individual‘s productivity. Critics argue that the documented

Behavior toward uncertain future inflation gives rise
to large diffuse externalities which result in market
failure and require introduction of legal restraints --
mandatory wage—price controls. Models of wage-profit
conflict and consumer vs. consumer rivalry are set out
in which…

Using data on adult male workers we first investigate the
incremental effect of a year of schooling on unemployed hours,
and use this calculation to explain the difference in the pro-
portional effects of schooling on earnings and wages. Schooling