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|Title:||The Effect of Final Offer Arbitration on the Salaries of Municipal Police Officers in New Jersey|
|Series/Report no.:||Working Papers (Princeton University. Industrial Relations Section) ; 129|
|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.|
|Appears in Collections:||IRS Working Papers|
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