Christofides, L. and Oswald, A. (1991) Real wage determination and rent-sharing in collective bargaining agreements. CEP discussion paper, 42. Centre for Economic Performance, London School of Economics and Political Science, London, UK.Full text not available from this repository.
The microeconomic forces that influence real wages are not fully understood. This paper studies pay determination using data on approximately 600 labour 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.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 1991 The Authors|
|Library of Congress subject classification:||H Social Sciences > HD Industries. Land use. Labor|
|Sets:||Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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