Wages, profits, and rent-sharing

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 currently available from this repository. You may be able to access a copy if URLs are provided)

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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
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: https://kar.kent.ac.uk/id/eprint/18822 (The current URI for this page, for reference purposes)
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