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The effects of changes in a firm's product market power on wages

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.

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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)
Official URL:
Additional Information: © 1991 the authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 21 Aug 2008 16:48
Last Modified: 26 Apr 2021 11:43

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