Unions, employment risks, and market provision of employment risk differentials

Michael J. Moore

doi:10.1007/BF01211528

Unions, employment risks, and market provision of employment risk differentials

Michael J. Moore^*

^*Corresponding author for this work

Strategy

Research output: Contribution to journal › Article › peer-review

17 Scopus citations

Abstract

The role of unions in providing compensating differentials for wage and hours risk is analyzed. Unions are shown to increase wages for workers in more risky jobs. A negative compensating differential for nonunion workers is taken as evidence of worker-specific, or supply-side risk. This component of risk is removed by controlling for union status, based on the belief that unionized firms will be more likely to filter out high-risk unproductive workers. Hours risk is compensated for in the labor market, while wage risk is not.

Original language	English (US)
Pages (from-to)	57-70
Number of pages	14
Journal	Journal of Risk and Uncertainty
Volume	10
Issue number	1
DOIs	https://doi.org/10.1007/BF01211528
State	Published - Jan 1 1995

Keywords

compensating differentials
hours risk
unions
wage risk

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/BF01211528

Cite this

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Unions, employment risks, and market provision of employment risk differentials

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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