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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.
Research output not available from this repository, contact author.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 | ||||
| Official Date: | February 1996 | ||||
| Dates: |
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| Volume: | 111 | ||||
| Number: | 1 | ||||
| Number of Pages: | 25 | ||||
| Page Range: | pp. 227-251 | ||||
| Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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