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.
机构:
University of Alberta School of Business, CanadaUniversity of Alberta School of Business, Canada
Doucet, Joseph
Littlechild, Stephen
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机构:
University of Birmingham, United Kingdom
Judge Business School, University of Cambridge, United KingdomUniversity of Alberta School of Business, Canada