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. ISSN 0033-5533

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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
Date:	February 1996
Volume:	Vol.111
Number:	No.1
Page Range:	pp. 227-251
Identification Number:	10.2307/2946663
Status:	Peer Reviewed
Access rights to Published version:	Open Access
Related URLs:	http://www2.warwick.ac.uk/fac/soc/econom...
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URI:	http://wrap.warwick.ac.uk/id/eprint/140

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