Rent-sharing and wages: Evidence from company and establishment panels

被引:109
|
作者
Hildreth, AKG [1 ]
Oswald, AJ [1 ]
机构
[1] UNIV WARWICK, COVENTRY CV4 7AL, W MIDLANDS, ENGLAND
关键词
D O I
10.1086/209835
中图分类号
F [经济];
学科分类号
02 ;
摘要
A central question in labor economics and macroeconomics is whether the textbook competitive model provides an adequate representation of the labor market. Using longitudinal data on companies and establishments, this article suggests that it may not. As predicted by rent-sharing models of the labor market, changes in profitability are shown to feed through into long-run changes in wages. These are not temporary wage effects and are not driven by the unionized workplaces in the data. The article's estimates imply that, for rent-sharing reasons alone, Lester's ''range'' of wages is approximately 16%.
引用
收藏
页码:318 / 337
页数:20
相关论文
共 50 条
  • [41] UNIONS, WAGES AND EMPLOYMENT - EVIDENCE FROM FINLAND
    TYRVAINEN, T
    [J]. APPLIED ECONOMICS, 1992, 24 (12) : 1275 - 1286
  • [42] Wages, layoffs, and privatization: Evidence from Ukraine
    Brown, JD
    Earle, JS
    Vakhitov, V
    [J]. JOURNAL OF COMPARATIVE ECONOMICS, 2006, 34 (02) : 272 - 294
  • [43] Failure Knowledge-sharing Motivation with Self Determination Theory-Evidence from a Japanese Company
    Nagayoshi, S.
    Nakamura, J.
    [J]. 2021 IEEE INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT (IEEE IEEM21), 2021, : 394 - 398
  • [44] Wages, prices and politics: Evidence from Norway
    Johansen, K
    Strom, B
    [J]. OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 1997, 59 (04) : 511 - &
  • [45] Disability, employment and wages: evidence from Indonesia
    Caron, Laura
    [J]. INTERNATIONAL JOURNAL OF MANPOWER, 2021, 42 (05) : 866 - 888
  • [46] Effort and wages: Evidence from the payroll tax
    Lang, Kevin
    [J]. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2020, 53 (01): : 108 - 139
  • [47] Wages and the City. Evidence from Italy
    Di Addario, Sabrina
    Patacchini, Eleonora
    [J]. LABOUR ECONOMICS, 2008, 15 (05) : 1040 - 1061
  • [48] Manufacturing wages and imports: Evidence from the NLSY
    Kosteas, Vasilios D.
    [J]. ECONOMICA, 2008, 75 (298) : 259 - 279
  • [49] Employer Consolidation and Wages: Evidence from Hospitals
    Prager, Elena
    Schmitt, Matt
    [J]. AMERICAN ECONOMIC REVIEW, 2021, 111 (02): : 397 - 427
  • [50] Wages and accessibility-Evidence from Denmark
    Knudsen, Elias Stapput
    Hjorth, Katrine
    Pilegaard, Ninette
    [J]. TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE, 2022, 158 : 44 - 61