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Wages, profits, and rent-sharing
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UNSPECIFIED. (1996) Wages, profits, and rent-sharing. QUARTERLY JOURNAL OF ECONOMICS, 111 (1). pp. 227-251. ISSN 0033-5533
Full text not available from this repository.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: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Journal or Publication Title: | QUARTERLY JOURNAL OF ECONOMICS |
| Publisher: | MIT PRESS |
| ISSN: | 0033-5533 |
| Date: | February 1996 |
| Volume: | 111 |
| Number: | 1 |
| Number of Pages: | 25 |
| Page Range: | pp. 227-251 |
| Publication Status: | Published |
| URI: | http://wrap.warwick.ac.uk/id/eprint/19063 |
Data sourced from Thomson Reuters' Web of Knowledge
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