Journal of Labor Research

, Volume 12, Issue 4, pp 411–417 | Cite as

The relative effects of craft-level strikes: The case of airlines

  • Richard A. de Fusco
  • Scott M. Fuess
Articles

Abstract

One aspect of bargaining power is the ability of unions to impose losses on firms by striking. Using stock market data from 1963 through 1986, this study tests whether strikes by different crafts have resulted in different losses for airlines. The evidence indicates that strikes by pilots and mechanics initially reduced the share value of struck airlines and that strikes by airline workers in other jobs did not result in significant share value losses. There is no evidence that strikes have imposed permanent losses on air carriers.

Keywords

Abnormal Return Bargaining Power Collective Bargaining Cumulative Abnormal Return Labor Relation Review 

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Copyright information

© Journal of Labor Research 1991

Authors and Affiliations

  • Richard A. de Fusco
    • 1
  • Scott M. Fuess
    • 1
  1. 1.University of NebraskaLincoln

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