Cookies?
Library Header Image
LSE Research Online LSE Library Services

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.

Full text not available from this repository.

Abstract

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: http://cep.lse.ac.uk
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)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 18
Date Deposited: 21 Aug 2008 16:48
URL: http://eprints.lse.ac.uk/21127/

Actions (login required)

Record administration - authorised staff only Record administration - authorised staff only