- Title
- The Effect of Final-Offer Arbitration on the Salaries of Municipal Police Officers in New Jersey
- Author(s)
- David E. Bloom David Bloom (Princeton University)
- Abstract
- This study investigates the effect of final-offer arbitration on the salaries of municipal police officers in New Jersey using a regression model to control for the possible biases introduced by non-random use of the procedure. The results indicate that, despite the greater fraction of union victories than employer victories under final-offer arbitration, arbitrated salary settlements are not significantly higher or lower than nonarbitrated settlements. The results also contain evidence of asymmetric behavior by the parties under final-offer arbitration with the unions appearing more risk averse than the employers.
- Creation Date
- 1980-05
- Section URL ID
- IRS
- Paper Number
- 129
- URL
- https://dataspace.princeton.edu/bitstream/88435/dsp011544bp10v/1/129.pdf
- File Function
- Jel
- L86
- Keyword(s)
- Suppress
- false
- Series
- 1