Blanchflower, David G. , Oswald, Andrew J. and Sanfey, Peter (1996) Wages, profits and rent-sharing. Quarterly Journal of Economics, Vol.111 (No.1). pp. 227-251. doi:10.2307/2946663 ISSN 0033-5533. [ 🗎 Public].

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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 per cent of the mean wage.

Item Type:	Journal Article
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Labor economics -- United States
Journal or Publication Title:	Quarterly Journal of Economics
Publisher:	MIT Press
ISSN:	0033-5533
Official Date:	February 1996
Dates:	Date Event February 1996 Published
Volume:	Vol.111
Number:	No.1
Page Range:	pp. 227-251
DOI:	10.2307/2946663
Status:	Peer Reviewed
Access rights to Published version:	Open Access (Creative Commons)
Date of first compliant deposit:	1 August 2016
Date of first compliant Open Access:	1 August 2016
Related URLs:	http://www2.warwick.ac.uk/fac/soc/econom...

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