Christofides, L. and Oswald, A. (1991) Real wage determination and rent-sharing in collective bargaining agreements. CEP discussion paper (42). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Full text not available from this repository.Abstract
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) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1991 The Authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 21 Aug 2008 13:49 |
| Last Modified: | 13 Sep 2024 19:32 |
| URI: | http://eprints.lse.ac.uk/id/eprint/21093 |
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