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The paper studies the microeconomic theory of inflation taxes and
marginal employment subsidies. It proves that under very weak assump-
tions (i) an inflation tax will reduce the 1ong—run equilibrium wage or
price and (ii) that a marginal employment subsidy…

We study strike durations and outcomes for some 2000 disputes that occurred
between 1881 and 1886. Most post-strike bargaining settlements in the 1880s fell
into one of two categories: either a union "victory", characterized by a
significant wage gain or…