Blanchflower, D.G. and Oswald, Andrew J. and Sanfey, Peter (1996) Wages, profits, and rent-sharing. Quarterly Journal of Economics, 111 (1). pp. 227-251. ISSN 0033-5533. (The full text of this publication is not available from this repository)
The paper suggests a new test for rent-sharing in the U. S. labor market. Using an unbalanced panel from the manufacturing sector it shows that a rise in a sector's profitability leads after some years to an increase in the long-run level of wages in that sector. The paper controls for workers' characteristics, for industry fixed effects, and for unionism. Lester's range of wages is estimated, for rent-sharing reasons alone, at approximately 24 percent of the mean wage.
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||M.A. Ziai|
|Date Deposited:||16 May 2009 12:02|
|Last Modified:||17 Jul 2014 11:43|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/18822 (The current URI for this page, for reference purposes)|