Share Arrangements and Macroeconomics

548 Pages·2014·4.46 MB·English

INDUSTRIRAELL ATIONS
RESEARCAHS SOCIATISOENR IES
Proceedoiftn hgTesh irty­
NintAhn nuMaele ting
DECEMBE2R8 -301,9 86
NEW ORLEANS
OFFICERSO F IRRA FOR 1987
PRESIDEN:T
MichaHe.lM oskoPwr,e maIrnkt ernational
PRESIDENT-ELECT:
PhylislA .W allaScleo,aS nc hooofMl a nagemeMnItT,
PASTP RESIDENT:
LloyUdl manU,n iverosfCi atlyi foBrneirak,e ley
SECRETARTYR-EASURER:
DaviRd. Z immermUanni,v erosfWi itsyc onsin-Madison
EDITOR:
BarbaDr.Da e nnsi,U niverosfiW tiys consin-Madison
EXECUTIVBEO ARDM EMBERS:
ThomaBsa lanoIfnft,e rnaBtriootnhaelr ohfBo ooidl ermakers
FrancDi.nB el aUun,i veyro sfIi ltlinUoribsa,n a-Champaign
ClaiBrr owUnn,i verosifCt ayl ifoBrenrikaeley
JohFn. B urtJornN.,Y ,S SILCRo,rn e! tUn!i versity
PetFeeru ilUlnieev,rs tiy ofl 11inUoribsa,n-C ahamaign
p
EileBe.Hn o ffmaFne,d erMaedli ataionndC onciliaSteirovni ce
MarkL .K ahnA,r bitrator
JoyceM iDl.l Aemra,l gamaCtleodt hainndTg e xtWiolrek eUrnsi on
janetL .N orwooBdu,r eoafuL aboSrt atisUtSiDcLs ,
LeslEi.eN ultUyn,i tFeodo da ndC ommercWioarlk eI�n ternatUinoinoanl
CharlseM .R ehmuAsr,b itrator
ErnesJt.S avoFioer,Md o toCro many
WilliMa.Vm a ughTnheS to&p S phoSpu permaCrokmepta ny
DonalFd.V obsurg1h, TransameDreilcaavI anlc.
NEWSLETTERE DITOR:S
MichaEe.Bl o roRsu,t geUrnisv ersity
MarjoAr.iL ea mbI,R RAN atioOnfafli ce
LEGALC OUNSEL:
GeorgHe.C oheBnr,e dhaonfdfK aiser
EXECUTIVEA SSISTANT:
MariJo.nL eifIeRrR,AN atioOnfafli ce
PastP resideonftI sR RA
1948 EdwiEn. W itte 1968G eorgP.eS hultz
1949S umnH.eS rt ichter 1969F redeH.rH iarcibsko n
1950G eorgWe.T aylor 1970D ouglaVs.Bs r own
1951 WilliMa.Lm e iserson 1971G eorgHe. H ildebrand
1952J .D ouglaBsr own 1972B enjamAianr on
1953E wanC lague 1973D ouglHa.sS outar
1954C larKke rr 1974N atG oldfinger
1955L lyodR eynolds 1975G eraGl.dS omers
11995567 DR iaclYheao Ard.deL re ster 11997776RI aryvM iaBnregsr hnasltle in
1958E .W ighBta kke
1959W illiHaamb er 1978C harlCe.Ks i llingsworth
1960J ohnT .Du nlop 1979j eroM.mR eos ow
1961\> hSiliTa ft 1980J acBka rbash
11996632CW hialelsiAF .a.MW m hy eyrst e 11998812MR iuldtoDolcnApr .hObe r s wald
1964 SolomBoanr kin 1983J acSkt ieber
1965E dwiYno ung 1984W aynLe. H orvitz
1966A rthMu.rR oss 1985E vereMt.Kt a ssalow
1967N eiWl. C hamberlain 1986L loyUdl man
INDUSTRRIEALLA TIONS
RESEARCH ASSOCSIEARTIIEOSN
Proceeodfti hTnehg isr ty-Ninth
AnnuMaele ting
Decem2b8e-r3 0, 1986
NewO rleans
EDITEDB ABRYB ARDA.D ENNIS
PROCEEDINGOSF THE THIRTY-NINATNHN UAL MEETINGC.o py­
righ1t9©8 b7y I ndustRreilaalt iRoensse arAcshs ociaPtriionnti.en td h Uen ited
StatoefsA mericNao. p arotf t hibso okm ayb eu seodr r eproduicnea dn y
mannewrh atsoewvietrh owurti ttpeenr missoifto hnea uthoerxsc,e ipntt he
casoef b riqeufo tateimobnosd iiendc ritiacrtiacll oerrs e views.
Firesdti tion
LibraorfCy o ngreCsast alCoagr dN umber5:-0 13564
ISBN0 -913447-33-1
PRICE$ 15.00
INDUSTRIARLE LATIONRSE SEARCHA SSOCIATION SERIES
Proceedoifnt ghsAe n nuaMle eti(nSgp ripnugb lication)
Proceedoifnt ghseS priMnege ti(nFga plulb lication)
AnnuaRle searVcohl ume
MembershDiipr ect(oervye trhyi yreda r)
IRRAN ewslet(tpeurb liqsuhaerdt erly)
Inquiarnideo st hecro mmunicarteigoanrsd mienmgb ershmiepe,t inpgusb,l ica­
tionasn,dg eneraaflf aoifrt sh eA ssociaatsiw oenla,ls o rdefrospr u blications,
copyrirgehqtu eosntp su blicaptriiootnros1 97a8n,d n otiocfea ddrecshsa nge
shoubleda ddrestsote hdIe R RAp ublicaotfifoiBnca er:b aDr.aD enniEsd,i tor;
DaviRd. Z immermaSne,c retTarreya-surMearr;i oJn.L eifeErx,e cutiAvse­
sistant.
INDUSTRIARLE LATIONRSE SEARCHA SSOCIATION
722S6o ciSacli enBcuei lding, UonfiW viesrcsointsyi n
MadisoWnI, 5 3760U .S.A. Tel6e08p/h26o2ne- 2762
�-
ii
PREFACE
Thep rogrfaomIr R RA3'9stA hn nuMaele tiinngN ,e wO rleans,
featuar feedwl oobkasc akn dm anyl oofkosr ward-dhiodw
collebcatrigvaeia nniodnu wgrh oilned usrterliaatsliy osntesev mo lve
tow herweea rteo daaynh,do ww itlhlce h anwgeea sr wei tnesisni ng
thweo rld ecaonnidon tm eyc hnoalfofgieyncd tu srterliaatlit ohnes in
future.
LloyUdl maens tabltihstehh eedm e iPnr eshiidsAe dndtrieasls ,
"WhoW anteCdo llecBtairvgea iinn tihneFg i rPslta "c,ea ?sh e
examitnheeed v oluotfiv oanr iloaubso r-manasgyesmteeinmnts
WesteErunr oapnedN ortAhm eriOcuarD. i stingSupiesahkeedr ,
JameDs.H odgson, SfecorremtoeafrrL ya boerl,a boroantt heed
themienh iasd dr"eOsusNr,ew InudstArgieaWl:h erDeo eIsn dustrial
Relationassh ecF oimtp?a"tr,hee edx eprieonfc eUts.h Saen .Jd a pan,
wherhees ervaesUd . SA.mb assfaodsroe rv eral years.
Amontgh see ssiinot nhs"e p resaenndft u ture" category were
"ChanigneL sa boRre latTihoenisr: IomnpU ancitoS nt ructure,"
"CorpoRreastter ucatnuIdrn idsnutgrR iealla ti"oPnlsa,nf"no itrnh ge
FutuIrmep:ml eenttihnAegF L-CRIeOp oarnt"d,W "h aNte'wsA bout
TechnolCohgaincgaOelt? h"es re sstioopnii cnsc ludeNdL RtBh,e
profit-asnhidan rciennpgta iyev,ce o noimniecq uaalnpidat ryt,- time
woraks waeslr le seairnoc rhg anizationaaln dhb uemhaanv ior
resoumracnea gemreenste,a mrecthdh oologainedcs o,m parative
labmoarr kpeotl icies.
ThesPer oceepdrionvgaisnd a ep proporpipaotret tuopn aiytay
spectirailbt uoBt eet Ctuyl eersiswahno f,o sro myaneayrd se,v oted
heern ergtiote hsAe s sociaasEt xeicount Aisvsei sStharene tt.ii rne d
Marc1h89 3a ndi,n ytehaesr isn tcrea,v telhweeod r lDde.t eriorating
healftohr cheerdre tturno M adiwshoenrs eh e odniA eudg u3s,1t 9 86.
We int heA ssociaaltwiaorynes cg onizBeedt tsype'csi al
contribauntdi oawnresee ,q uaglrlayt teofh uelsr u ccesMsaorriso,n
LeifEexerc,u et SievcretaanrdMy a,jr orLiaem bw hoc opes o
competweinttthlhe yev er-incnraetaisoinnadglu toiWfeefts ih.ca en k
theamlf loh re lptiomn agk e thet hdIeyR nRaAm oircg aniizaitts i.o n
BarbDa.r a Dennis
Editor
iii
Youa rien vitteobd e comaem embeorf
THE INDUSTRIAL RELATIONS REASSESAORCCIHA TION
TheI ndustRreilaalt iRoensse arAcshs ociawtasi foonu ndiend1 94b7y a g roup
whof eltth atth eg rowifnige olfdi ndustrreilaalt rieoqnusi ranea ds sociaitni on
whicphr ofessiondaeldlp ye-ompilfner omd ifferoerngta nizactoiuolmndes e tI.t
wasi ntentdoeed n aballewl h ow erper ofesaslilioynn tereisnit neddu strreilaalt ions
tob ecombee ttaecrq uainatnedtd ok eeupp t od atwei tthh pe ractiacnedis d eas
atw orik nt hfei eTldoo. u rk nowledtghee irsne o o theorr ganizwahtiicoahnf fords
them ulti-peaxrcthya nogfie d eawse haveex perieonvceetrdh ey earsu-nai que
andi nvalufaobrlueTm h.e w ord" Researicnh "tn haem er efletchtces o nvicotfi on
thfeo undetrhsat th een couragermeepnotr,t ainndcg r,i tdiicsaclu sosf.:t_:;isoena rch
ise ssenitfoi uarpl r ofessfiioenilastdl o a dvance.
Ino urm embershoifp5 00 ,0 youw ilfli nrde presentoaftm iavneasg ement,
unions, goveprrnamcetnitti;i noc noenrssu ltairnbgi,t raatnidlo anw,a; n ds cholars
andt eachreerpsr esenmtainnydg i scipliincn oelsl eagnedsu niversiintt ihees
UnitSetda taensdC anadaas,w elalsa broaAdm.o ng tdhies ciprleipnreess einnt ed
thiAss sociaatriaeod nm inistsrcaiteinvacene tsh,r opoelcoognyo,m ics, Ihwai, s tory,
politicalp ssycciheonlcaoeng,dsy o,c iolaoswg eyla lsi ndustrreilaalt iMoenmsb.e r­
shiipso petno a lwlh oa rper ofessiionntaelrleyas ntdae cdt iivnte h ber oafdi eolfd
industrriealla tiLoinbsr.a arinedis n stitwuthioao rniesn tereins tthepedu blications
oft heA ssociaatriaeol nsi on vitteob de commee mberasn,dt herefsourbes cribers
tot hpe ublications.
Membersdhuiepcs o vepru blicaftoitroh nces a lenydeaarJr a,n ua1rt yh rough
Decembe3r1 ,a nde ntimtelmeb ertso t heP roceedionfgt sh eA nnuaMle eting,
Proceedionfgt sh eS prinMge etinag s,p eciraels eavroclhu mae ,Me mbership
Directeovreyr tyh reyee arasn,dq uarteirslsyuo efts h eNe wsletter.
Duesf o1r9 8c7a lenydeaarmr e mbersahrilepi stbeedl ow
Canadiaannd F oreipgany menmtuss tb em adei nU .Sd.o llabrys
cashicerh'esco kr i nternatimoonnaelyo rder-p$l4u.s00 t oc over
postage.
RegulMaerm bers.h.i.p. ...........................$.. ..3..600.. .
FamilMye mbersh(iastpa mead drensosa ,d ditional
publicat.i o.n s.) . . . . . . . . . . . . .4 0..0 . . . . . . . . . . . . . . . . . . . . . . . . . .
ContribuMteimnbge rsh.i p. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00
RetirMeedm bersh(iiapfm embefro art l ea1s0ty ears
andn otn owg ainfeumlpllyo ye.d.). .................. 1.4...0.0
StudeMnetm bersh(iFpu ll-.t.i.m.e.). .............1.4...0.0. .... .
InstituotriL oinbarlaS ruyb scri.p.t.i.o.n.. ............. .3.6.00.. ..
Somem emberasl smoa kea ddtiiontaalxd eductible financial
contributtoit ohneAs s osciation.
Ify oua ren ota lreaad mye mberw,e inviytoeu t oj oibny s endiynogu r
membershaippp licaatnidod nu esp aymenItn.q uirrieegsa rdmienmgb ership,
meetinagnsdp ublicasthioounblsed a ddrestsote hdeI RRAO ffice.
INDUSTRIARLE LATIONRSE SEARCHA SSOCIATIO(N6 08/262-2762)
722S6o ciSacli enBcuei ldiUnngi,v erosfiW tiys conMsaidni,s oWnI,53 706
Sinceyroeulrys ,
IRRAP resident 1987
iv
CONTENTS
OffiocfeI rRsR A Cove2r
Preface iii
IRRMAe mbersIhnifpo rmation iv
I
PRESIDENTAIDADLR ESS
MichaHe.lM oskoPwr,e siding
WhoW antCeodl leBcatrigvaei ning
int hFei rPslta ce? LLOYUDL MAN 1
II
DISTINGUISSPHEEADK EARD DRESS
LloUyldm aPnr,e siding
OurN ew EconAogmeWi:hc e rDeo es
IndusRterliaatFlii otn?s JAMEDS.H oDGSON1 4
III
THEN LRBA:N ALYSOEFS THBEO ARD'S
IMPACATN DR EMEDIAPLO LICY
MyroJnR. o okmiPnr,e siding
RemedPioallia cnCydo mpliance
witthhN eL RA RoBEJRTF.L ANAGA2N1
TheI mpaocftt h Reu nawOafyf iocnUe n ioCne rtification
ElectiinCo lnresi cUanli ts BEATRJIF.CR EE IBERG
ANWDI LLITA.DM I CKENS2 9
UniOorng aniDzriinOvgue t cofmreosNm L RBE lections
DurianP ge rioofEd c omnioc
Concessions RICHABR.FDR EEMAN
ANDMo RRMI.SK L EINER4 1
Discussion MYROJNR. o oMKIN4 8
v
IV
ANU PDATOEN M INOTRYIA NDA FFIRMATIVE
ACTIONP ROGRAMS
CharClreasy Pproe,s iding
SpilttBilnagc Akfsf?i rmAacttiiavonenEd a rnings
InequWailtihtaiynnA d c roRsasc eJso NATSH.LA ENO NAR5D1
SeSxe gregoantt hiJeoo nbT :r ends
anRde medies HEIIDH.IA RTMANN
AND BARFB.RA ERSAK IN5 8
WomenP'rso grient shLsea boMra rkSehto:u WledR est
onO urL aurels? FRANCDI.NB EL AU
ANDM ARIAAN.NF EE RBER7 0
Discussion JuLIAMNANVLEE AUX7 7
v
COMPARATILVAEB OMRA RKEETX PEIRENCE
ANDP OLICIUE.SSA:.N D EUPREO
EverMe.tK ta ssaPlroews,i ding
LabMoarr kCeotn trUansittsSe:td a tes
anEdu rope jANELT.N oRwooD8 2
FlexiabniUdln ietmyp loyTmheeVn ite:w
froWme stern Europe DA SosKIC9E3
viD
HowF lexIisb leF leTxhieUb nlietS?et da tes
LaboMra rkVeetr sWuess tEeurrno pReI CHASR.BD ELou1s0 1
Discussion PHILKI.WP A Y 108
VI
CHANGESI NL ABORRE LATIONS:
THEIIRM APCTO NU NOINS TRUCTURE
MarLk.K ahPnr,e siding
NewD evelopimnUe nnitSosrnt u cture
int hUe. SA.u tIon dustry HARRCY.K ATz1 12
TheA T&TD ivestainttduh CreWe A WALLAHCEEN DRIC1K2S1
ChangUinnigoS nt rucatnutdrh Ceeh anging
StrucotfUu nrieo niiznat thieo n
PosDte-regulAaitrilIoinnnd eu stKrmys TREuNT WHE VER1 29
Discussion BENF ISCHE1R3 7
JACBKA RBAS1H4 1
vi
VII
NEWD EPARTURIENCS O MPESNAITON:
PROFIT-SHAARNIDIN NGC NETIVPEA Y
LucreDteiwaeT yan nePrr,e siding
ShaArrer angeamneMdna ctrso eocmoincs
MARTLI.NW EITZMA1N4 4
Profit-ASrhraarnignegam nedn ts
CollecBtairvgea ining DANIHE.LKR UGER1 52
WhoH aFsl exWiabglPeel aannsd
WhyA ren't ThoefTr hee mM?o reR ENABER ODERICK
ANDDA NIJE.LMB I.T CHEL1L5 9
Union VNeonrusnuiAsot nt itTuodwreads
ShaArrer angements LAURBA.C A RDINAL
ANIDB. . H ELBUR1N6 7
LaboCrol'lse cBtairvgea iEnxiprneige nwicteGh a insharing
anPdr ofit-Sharing JoHNL .ZA LUSK1Y7 4
VIII
CORPORARTEES TRUCTURAINNDG
INDUSTRIRAELL ATIONS
RichParrods Ptreens,i ding
AmeircaEnn teripnraT iismeoe fC hange: Implications
foIrn dsutrRiealla tions PHILKI.WP A Y 183
BargaiinnTi enlge communications
After Divestiture PETECRA PPELLI
ANDCH ARLPEESR RY1 91
TheI mpaocfIt n dusRtreilaalto ino nRtseh seu tcrturing
oft he BSatseIiencld usintS rweyd en TREVBOARI N2 01
Discussion PHILLEI.RPA Y 209
IX
DISSERTATRIOOUNND TABLE
OrlAesyh enfPerletseird,i ng
EmploymTernati nPionlgia cnPydo li1t9i7c8s-,1 982:
From CtEoTJ AT PA A.M ICHACEoLL LIN2S1 3
vii
TheI mpaocfTt e chnolCohgaincgael
onC olleBcatrigvaeiP noiwnegr GoRDBOENT CHERM2A1N8
DefinBeedn eDfeifti,Cn oendt ribution,
orN o Pension? REBECAC.LA u zAm2s2 2
Discussion PETFEERU IL2L2E6
HENRSY.F ARBE2R2 9
X
METHODOOLGICADLE VELOPMENATNSD
RESEARCDHES IGINS SUIENS
INDUSTRIRAELAL TINOS
PetFeeru iPlrlees,i ding
A LaboRre latAipopnlsi coaftt hiBeoo nso ttrap
SamplTiencgh nique THOMGA.SP EARC2E3 2
ArbitrDaitsicnrgi mGirniaetviaoAnnncE empsi:r iMcoadle l
foDre cisSiatondna rds VEREN. HAUCK
ANJDo HNS oCu.T H2 39
ResearDcehs ign iInCs osmpuaersa tive
IndusRtelraitailo ns RICHBA.RP DE TRESON2 44
RsaercMhe thodyoN leeodgisnH uman
ResouMrancaeg ement HERBERT G. IHlElN25 E2M AN
Discussion JOHTNH OMDAESL ANE25Y8
XI
RELATIONSBHEITPW EESNO CIALLE GISLATION
ANDU NIONO RGANZIATION
JacSkit eebrP,r esiding
UnionainsPdmr otective Labor
Legislation RICHBA.RF DR EEMA2N6 0
TheI mpaocfEt m ploeynmt-at-Will
JudiDceicails oinOo untsc omes of
NLRB pRreesenEtlaetcitoino nsR ICHNA.RB DL OcK,
CHRISLT.MI NAHEO NEAYN,LD ES LIFE.C oRIBTT 268
viii