Vainiomaki, J. and Wadhwani, S. (1991) The effects of changes in a firm's product market power on wages. CEPDP, 18. Centre for Economic Performance, London School of Economics and Political Science, London, UK.Full text not available from this repository.
Using firm-level panel data, this paper argues that increases in a firm''s market share or a rise in the industry concentration ratio both serve to increase wages. On these estimates, actual changes in the ''product market power'' variables could have generated a wage gap of up to 13.5 per cent over the period 1976-82. These results are consistent with various rent-sharing hypotheses, although these is some evidence that the extent of rent-sharing is greater in union firms.
|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)
|Date Deposited:||21 Aug 2008 16:48|
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