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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.

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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: 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:
DateEvent
February 1996UNSPECIFIED
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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