Blanchflower, D.G., Oswald, Andrew J., Sanfey, Peter (1996) Wages, profits, and rent-sharing. Quarterly Journal of Economics, 111 (1). pp. 227-251. ISSN 0033-5533. (doi:10.2307/2946663) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:18822)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
| Official URL: http://dx.doi.org/ |
Abstract
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.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.2307/2946663 |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
| Depositing User: | M.A. Ziai |
| Date Deposited: | 16 May 2009 12:02 UTC |
| Last Modified: | 05 Nov 2024 09:55 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/18822 (The current URI for this page, for reference purposes) |
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