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/rights/LSERO.htm |
| Identification Number: | 18 |
| URL: | http://eprints.lse.ac.uk/21127/ |
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