REAL WAGE DETERMINATION AND RENT-SHARING IN COLLECTIVE-BARGAINING AGREEMENTS

被引:72
作者
CHRISTOFIDES, LN
OSWALD, AJ
机构
[1] DARTMOUTH COLL,HANOVER,NH 03755
[2] UNIV LONDON LONDON SCH ECON & POLIT SCI,LONDON WC2A 2AE,ENGLAND
基金
英国经济与社会研究理事会;
关键词
D O I
10.2307/2118371
中图分类号
F [经济];
学科分类号
02 ;
摘要
The microeconomic forces that influence real wages are not fully understood. This paper studies pay determination using data on approximately 600 labor contracts. It finds that the real wage is an increasing function of past profitability in the employer's industry, and a decreasing function of the level of unemployment in the employer's region. These results are consistent with rent-sharing theories.
引用
收藏
页码:985 / 1002
页数:18
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