The hypothesis that employers insure their workers against unfavorable states is tested against the alternative hypothe sis that efficient but noninsuring contracts occur. Data on the Briti sh Columbian pulp and paper industry (January 1977 to April 1985) are used. The comparative statics...

Event study methodology is used to determine the effect of union certification in Ontario on the expected profitability of firms. Raid and nonraid applications and the method of certification are examined. Contrary to expectations, the authors find no strong negative response to certification...

In this paper we examine shares that have been added to or deleted from the TSE 300 Index to determine whether abnormal price movements have occurred. We apply the dummy variable approach to event study methodology and adjust the estimated standard errors for arbitrary heteroscedasticity and...

This study examines the relationship between work-related hazards and individual earnings. Both fatality and injury rates are included in the analysis and the authors examine the role of unions in the wage-risk process. Estimates for the cost of an industrial accident and the "value of life" are...