INSIDER POWER IN WAGE DETERMINATION

被引:65
作者
BLANCHFLOWER, DG [1 ]
OSWALD, AJ [1 ]
GARRETT, MD [1 ]
机构
[1] UNIV LONDON LONDON SCH ECON & POLIT SCI,CTR LABOUR ECON,LONDON WC2A 2AE,ENGLAND
关键词
D O I
10.2307/2554158
中图分类号
F [经济];
学科分类号
02 ;
摘要
The paper argues that wage determination is best seen as a kind of rent-sharing in which workers' bargaining power is influenced by conditions in the external labour market. It uses British establishment data from 1984 to show that pay depends upon a blend of insider pressure (including the employer's financial performance and oligopolistic position) and outsider pressure (including external wages and unemployment). Lester's feasible "range' of wages appears typically to be between 8 and 22% of pay. Estimates of the unemployment elasticity of the wage lie in a narrow band around -0.1. -Authors
引用
收藏
页码:143 / 170
页数:28
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