Construct · 1 fields · 2 citations

strike: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaninginclinationcompare the meanings
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strike1 CONSTRUCTLabor strikeHICKS · WORK STOPPAGE

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Labor economics

Collective work stoppage by employees

John R. Hicks's 1932 The Theory of Wages gave one of the first formal economic treatments of the collective work stoppage, modelling a strike as a temporary halt of work by employees seeking to move an employer toward their terms during a wage dispute. Ashenfelter and Johnson's 1969 study built on this to model when strikes occur and how long they last. Here strike is an event in the relationship between workers and an employer, counted by its frequency and duration, and it is distinct from a bearing measured in rock or a price fixed in an option.[1][2]

Unit
One collective work stoppage, counted by number of workers, workdays lost, and duration
Recovery means
Not applicable
Measured by
Recorded in labor statistics by number of stoppages, workers involved, and working days idled

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Nearby constructs

option4 fields · 9 citationsjingle · one word, four constructsvolatility3 fields · 4 citationsjingle · one word, three constructs

References

  1. Hicks, J. R. (1932). The theory of wages. Macmillan.
  2. Ashenfelter, O., & Johnson, G. E. (1969). Bargaining theory, trade unions, and industrial strike activity. American Economic Review, 59(1), 35–49.

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