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  1. Do workers share in firm success?
    passthrough estimates for New Zealand
    Erschienen: October 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the extent to which firm financial performance is passed on to workers in the form of higher wages and how this has changed over 2002-2018. We measure financial performance as value added per worker and as quasi-rents. Quasi-rents better... mehr

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    We study the extent to which firm financial performance is passed on to workers in the form of higher wages and how this has changed over 2002-2018. We measure financial performance as value added per worker and as quasi-rents. Quasi-rents better approximate the resources available to be shared between workers and firms as the measure takes into account the rental cost of capital as well as the reservation wages. We estimate the reservation wage bill for each firm using estimates from a two-way fixed-effect model and further decompose the pass-through into contributions from worker sorting and rent-sharing. Our IV estimates of pass-through are in the range of 0.12 and 0.19 for value added and 0.11 and 0.07 for quasi-rents. Worker sorting explains between 35% and 50% of pass-through. While the extent of overall pass-through is relatively stable over time, the contribution of worker sorting declines dramatically to explain almost none of the estimated pass-through.

     

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    hdl: 10419/250425
    Schriftenreihe: Discussion paper series / IZA ; no. 14764
    Schlagworte: wage determination; rent sharing; worker sorting
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  2. Who benefits from tax incentives?
    the heterogeneous wage incidence of a tax credit
    Erschienen: August 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Do workers gain from lower business taxes, and why? We estimate how a large corporate income tax credit in France is passed on to wages and explore the firm- and employee-level underlying mechanisms. The amount of tax credit firms get depends on... mehr

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    Do workers gain from lower business taxes, and why? We estimate how a large corporate income tax credit in France is passed on to wages and explore the firm- and employee-level underlying mechanisms. The amount of tax credit firms get depends on their payroll share of workers paid less than a wage threshold. Exposure to the policy thus varies both across workers depending on their wage and across firms depending on their wage structure. Using exhaustive employer-employee data, we find that half of the surplus generated by the reform falls onto workers. Wage gains load on incumbents in high-skill occupations. The wage earnings of low-skill workers - nearly all individually eligible - do not change. This heterogeneous wage incidence is unlikely to be driven by scale effects or skill complementarities. We find that the groups of workers benefiting from wage gains are also more likely to continue working for the same firm. Further, we show that firms do not change their wage-setting behavior in response to the individual eligibility status of workers. Overall, our results suggest that the wage incidence of the tax credit operated collectively through rent-sharing and benefited workers most costly to replace.

     

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    Schriftenreihe: Discussion paper series / IZA ; no. 14683
    Schlagworte: business taxation; tax incentives; wage incidence; rent sharing
    Umfang: 1 Online-Ressource (circa 95 Seiten), Illustrationen
  3. Imperfect competition and rents in labor and product markets
    the case of the construction industry
    Erschienen: May 07, 2021
    Verlag:  [University of Toronto, Department of Economics], [Toronto]

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    Schriftenreihe: [Working paper] / [Department of Economics, University of Toronto ; 695
    Schlagworte: imperfect competition; monopsony; market power; rents; rent sharing; auction; procurement
    Umfang: 1 Online-Ressource (circa 104 Seiten), Illustrationen
  4. "Since you're so rich, you must be really smart"
    talent, rent sharing, and the finance wage premium
    Erschienen: May 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Financial sector wages have increased extraordinarily over the last decades. We address two potential explanations for this increase: (1) rising demand for talent and (2) firms sharing rents with their employees. Matching administrative data of... mehr

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    Financial sector wages have increased extraordinarily over the last decades. We address two potential explanations for this increase: (1) rising demand for talent and (2) firms sharing rents with their employees. Matching administrative data of Swedish workers, which include unique measures of individual talent, with financial information on their employers, we find no evidence that talent in finance improved, neither on average nor at the top. The increase in relative finance wages is present across talent and education levels, which together can explain at most 20% of it. In contrast, rising financial sector profits that are shared with employees account for up to half of the relative wage increase. The limited labor supply response may partly be explained by the importance of early-career entry and social connections in finance. Our findings alleviate concerns about "brain drain" into finance but suggest that finance workers have captured rising rents over time.

     

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    Schriftenreihe: Discussion paper series / IZA ; no. 15337
    Schlagworte: industry wage premia; talent allocation; rent sharing; earnings inequality; compensation in financial sector
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  5. Participation in global value chains and rent sharing by small firms in Viet Nam
    Erschienen: January 2022
    Verlag:  Economic Research Institute for ASEAN and East Asia, [Jakarta]

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    Schriftenreihe: ERIA discussion paper series ; ERIA-DP-2021-52 = no. 419
    Schlagworte: Global value chains (GVCs); rent sharing; profits; outsourcing,multinational enterprises; Viet Nam; microenterprises; small and medium
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  6. Who's got the power?
    wage determination and its resilience in the Great Recession
    Erschienen: [2022]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Schriftenreihe: Discussion paper / Centre for Economic Performance ; no. 1885 (November 2022)
    Schlagworte: search and matching; wage determination; collective bargaining and trade unions; rent sharing; bargaining power; assortative matching; wage inequality
    Umfang: 1 Online-Ressource (circa 77 Seiten), Illustrationen
  7. Eclipse of rent-sharing
    the effects of managers' business education on wages and the labor share in the US and Denmark
    Erschienen: [2022]
    Verlag:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

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    Schriftenreihe: Working papers / Center for Economic Studies, U.S. Census Bureau ; 22, 58 (December 2022)
    Schlagworte: business education; labor share; management; rent sharing; wages
    Umfang: 1 Online-Ressource (circa 92 Seiten), Illustrationen
  8. Market power and income distribution
    lessons from hybrid industrial-labour economics
    Erschienen: [2023]
    Verlag:  Economics Department, University of Southampton, Southampton, UK

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    Auflage/Ausgabe: Revised March 2023
    Schriftenreihe: Discussion papers in economics and econometrics ; no. 23, 01
    Schlagworte: firm heterogeneity; inequality; multifactor productivity; market powers; markup; markdown; oligopsony; rent sharing; income distribution; estimation of production function; identification method
    Umfang: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  9. Endogenous costs and price-cost margins
    Erschienen: 2002
    Verlag:  DIW, Berlin

    Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation... mehr

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    Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation that allows for the simultaneity in price setting in the product and the input market (labor in our case). In other words, the usual two-equation set-up (demand and first-order condition in the product market) is generalized to include a third equation, which endogenizes costs. We implement the model using data for eight European airlines from 1976-1994, and show that the treatment of endogenous costs has important implications for the measurement of price-cost margins and the assessment of market power.

     

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    Schriftenreihe: Diskussionspapier / Deutsches Institut für Wirtschaftsforschung ; 294
    Schlagworte: Gewinn; Preismanagement; Kosten; Verhandlungstheorie des Lohnes; Luftverkehr; Oligopol; Schätzung; Theorie; Westeuropa; rent sharing
    Umfang: 24 S, Tab., a
  10. Which employers share rents?
    a firm-level analysis for Japan
    Erschienen: [2023]
    Verlag:  RIETI, [Tokyo, Japan]

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    Schriftenreihe: RIETI discussion paper series ; 23-E, 048 (July 2023)
    Schlagworte: wage inequality; rent sharing; employers' characteristics
    Umfang: 1 Online-Ressource (circa 25 Seiten)
  11. Ownership, firm size and rent sharing in a transition country
    Erschienen: Jan. 2003
    Verlag:  Faculteit Economie en Bedrijfskunde, Univ. Gent, Gent

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    Weitere Identifier:
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    Schriftenreihe: Working paper / Universiteit Gent, Faculteit Economie en Bedrijfskunde ; 170
    Schlagworte: Arbeitsmarkt; Lohnniveau; Eigentümerstruktur; Betriebsgröße; Bulgarien; rent sharing
    Umfang: Online-Ressource, 26 p. = 477 KB, text
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    Record-last-verified: 25-11-03

  12. Wages and international rent sharing in multinational firms
    Erschienen: July 2002
    Verlag:  William Davidson Inst., Ann Arbor, Mich.

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    Schriftenreihe: William Davidson Institute working papers ; 522
    Schlagworte: Erfolgsbeteiligung; Lohn; Multinationales Unternehmen; Ausländische Tochtergesellschaft; Schätzung; Welt; rent sharing
    Umfang: Online-Ressource, 33 p., text
  13. Insiders and outsiders in union models
    theory and evidence for the US and the UK
    Erschienen: 1992

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    Schlagworte: Insider-Outsider-Theorie; Verhandlungstheorie des Lohnes; Lohntheorie; Theorie; rent sharing; Schätzung; Industrie; USA; Großbritannien
    Umfang: VII, 162 S, graph. Darst
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    Kopie, erschienen im Verl. UMI, Ann Abor, Mich

    Yale Univ., Diss., 1992

  14. Endogenous costs and price-cost margins
    Erschienen: 2002
    Verlag:  DIW, Berlin

    Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation... mehr

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    Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation that allows for the simultaneity in price setting in the product and the input market (labor in our case). In other words, the usual two-equation set-up (demand and first-order condition in the product market) is generalized to include a third equation, which endogenizes costs. We implement the model using data for eight European airlines from 1976-1994, and show that the treatment of endogenous costs has important implications for the measurement of price-cost margins and the assessment of market power.

     

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    Schriftenreihe: Diskussionspapiere / Deutsches Institut für Wirtschaftsforschung, Berlin ; 294
    Schlagworte: Gewinn; Preismanagement; Kosten; Verhandlungstheorie des Lohnes; Luftverkehr; Oligopol; Schätzung; Theorie; Westeuropa; rent sharing
    Umfang: 24 S.
  15. Wages and international rent sharing in multinational firms
    Autor*in: Budd, John W.
    Erschienen: 2002
    Verlag:  IZA, Bonn

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    Schriftenreihe: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 560
    Schlagworte: Erfolgsbeteiligung; Lohn; Multinationales Unternehmen; Ausländische Tochtergesellschaft; Schätzung; Welt; rent sharing
    Umfang: 33 S.
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  16. Firm-level social returns to education
    Erschienen: Nov. 2004
    Verlag:  IZA, Bonn

    Do workers benefit from the education of their co-workers? This question is examined first by introducing a model of on-the-job schooling, which argues that educated workers may transfer part of their general skills to uneducated workers and that... mehr

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    Do workers benefit from the education of their co-workers? This question is examined first by introducing a model of on-the-job schooling, which argues that educated workers may transfer part of their general skills to uneducated workers and that this spillover is affected by the degrees of non-excludability, irreversibility and generality of those skills. We then conduct an empirical analysis drawing on a matched panel of Portuguese firms and their workers. Schooling endogeneity is tackled by considering firm fixed effects and instruments based on schooling lags and the lagged share of retirement-age workers. We find evidence of large firm-level social returns (ranging between 14% and 23% and thus exceeding standard estimates of private returns) and of significant returns accruing to less educated workers but not to their more educated colleagues.

     

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    Schriftenreihe: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 1382
    Schlagworte: Betriebliches Bildungsmanagement; Spillover-Effekt; Bildungsertrag; Schätzung; Portugal; rent sharing; Education; Wages; Skilled labor; Unskilled labor
    Umfang: Online Ressource, 44, [1] p., text
  17. Endogenous costs and price-cost margins
    Erschienen: August 2002
    Verlag:  DIW Berlin, German Institute for Economic Research, Berlin, Germany

    Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation... mehr

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    Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation that allows for the simultaneity in price setting in the product and the input market (labor in our case). In other words, the usual two-equation set-up (demand and first-order condition in the product market) is generalized to include a third equation, which endogenizes costs. We implement the model using data for eight European airlines from 1976-1994, and show that the treatment of endogenous costs has important implications for the measurement of price-cost margins and the assessment of market power.

     

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    Schriftenreihe: Discussion papers / German Institute for Economic Research ; 294
    Schlagworte: Gewinn; Preismanagement; Kosten; Verhandlungstheorie des Lohnes; Luftverkehr; Oligopol; Schätzung; Theorie; Westeuropa; rent sharing
    Umfang: 1 Online-Ressource (circa Seiten)
  18. Firms and labor market inequality
    evidence and some theory
    Erschienen: March 2016
    Verlag:  IZA, Bonn, Germany

    We review the literature on firm-level drivers of labor market inequality. There is strong evidence from a variety of fields that standard measures of productivity – like output per worker or total factor productivity – vary substantially across... mehr

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    We review the literature on firm-level drivers of labor market inequality. There is strong evidence from a variety of fields that standard measures of productivity – like output per worker or total factor productivity – vary substantially across firms, even within narrowly-defined industries. Several recent studies note that rising trends in the dispersion of productivity across firms mirror the trends in the wage inequality across workers. Two distinct literatures have searched for a more direct link between these two phenomena. The first examines how wages are affected by differences in employer productivity. Studies that focus on firm-specific productivity shocks and control for the non-random sorting of workers to more and less productive firms typically find that a 10% increase in value-added per worker leads to somewhere between a 0.5% and 1.5% increase in wages. A second literature focuses on firm-specific wage premiums, using the wage outcomes of job changers. This literature also concludes that firm pay setting is important for wage inequality, with many studies finding that firm wage effects contribute approximately 20% of the overall variance of wages. To interpret these findings, we develop a model where workplace environments are viewed as imperfect substitutes by workers, and firms set wages with some degree of market power. We show that simple versions of this model can readily match the stylized empirical findings in the literature regarding rent-sharing elasticities and the structure of firm-specific pay premiums.

     

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    Schriftenreihe: Discussion paper / IZA ; no. 9850
    Schlagworte: Lohnstruktur; Arbeitsproduktivität; Betriebszugehörigkeit; Produktivität; Firmentarifvertrag; Theorie; Portugal; rent sharing
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  19. Payroll tax reductions for minimum wage workers
    relative labor cost or cash windfall effects?
    Autor*in: Cottet, Sophie
    Erschienen: April 2024
    Verlag:  CESifo, Munich, Germany

    This paper uses administrative employer-employee data to uncover the effects of a large payroll tax reduction for minimum-wage workers in France. Exploiting the change in labor costs both at the job level and at the firm level, I find that the policy... mehr

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    This paper uses administrative employer-employee data to uncover the effects of a large payroll tax reduction for minimum-wage workers in France. Exploiting the change in labor costs both at the job level and at the firm level, I find that the policy spurred an additional 13 percentage points increase in the number of minimum-wage jobs, and that these extra jobs stem exclusively from firms which had previously very few or no minimum-wage workers. On the other hand, firms which already employed workers at minimum-wage levels, and therefore benefit ex ante from a cash windfall, increase employment irrespective of wage levels. These firms grow by an additional 4 percent in the first two years following the reform. This effect is stronger in liquidity-constrained and credit-constrained firms. Overall, these results show that not all firms react to changes in relative labor costs and highlight the importance of alleviating liquidity constraints for firm growth.

     

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    hdl: 10419/296165
    Schriftenreihe: CESifo working papers ; 11076 (2024)
    Schlagworte: payroll taxes; firm behaviour; rent sharing; minimum wage
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  20. City size, employer concentration, and wage income inequality
    Erschienen: [2023]
    Verlag:  Ratio, Näringslivets Forskningsinstitut, Stockholm

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    Schriftenreihe: Ratio working paper ; no. 363
    Schlagworte: wage distribution; rent sharing; monopsony; linked employer-employee data; local labor markets
    Umfang: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  21. Firms and labor market inequality
    evidence and some theory
    Erschienen: 15 June 2016
    Verlag:  Institute for Employment Research of the Federal Employment Agency, Nuremberg

    We review the literature on firm-level drivers of labor market inequality. There is strong evidence from a variety of fields that standard measures of productivity - like output per worker or total factor productivity - vary substantially across... mehr

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    DS 98 (2016,19)
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    We review the literature on firm-level drivers of labor market inequality. There is strong evidence from a variety of fields that standard measures of productivity - like output per worker or total factor productivity - vary substantially across firms, even within narrowly-defined industries. Several recent studies note that rising trends in the dispersion of productivity across firms mirror the trends in the wage inequality across workers. Two distinct literatures have searched for a more direct link between these two phenomena. The first examines how wages are affected by differences in employer productivity. Studies that focus on firm-specific productivity shocks and control for the non-random sorting of workers to more and less productive firms typically find that a 10% increase in value-added per worker leads to somewhere between a 0.5% and 1.5% increase in wages. A second literature focuses on firm-specific wage premiums, using the wage outcomes of job changers. This literature also concludes that firm pay setting is important for wage inequality, with many studies finding that firm wage effects contribute approximately 20% of the overall variance of wages. To interpret these findings, we develop a model where workplace environments are viewed as imperfect substitutes by workers, and firms set wages with some degree of market power. We show that simple versions of this model can readily match the stylized empirical findings in the literature regarding rent-sharing elasticities and the structure of firm-specific pay premiums. Zunächst präsentieren wir einen Überblick über die Literatur zu den Triebfedern von Ungleichheiten am Arbeitsmarkt auf Firmenebene. Es gibt aus mehreren Richtungen mittlerweile starke Evidenz dafür, dass die Standardmaße für Produktivität, wie z. B. Output pro Beschäftigter oder die totale Faktorproduktivität, erheblich über Firmen, ja sogar in eng abgegrenzten Wirtschaftszweigen, variieren. Dabei zeigen mehrere Studien, dass der Trend zu einer zunehmenden Produktivitätsdispersion zwischen Firmen den Trend in der Lohnungleichheit zwischen Beschäftigten widerspiegelt. In der Literatur gibt es nun zwei Stränge, die sich unmittelbar mit der Verbindung zwischen diesen beiden Phänomenen beschäftigen. Im ersten Strang wird dabei untersucht, inwieweit Löhne durch Unterschiede in der Produktivität von Arbeitgebern beeinflusst werden. Diese Studien fokussieren sich dabei auf firmenspezifische Produktivitätsschocks, wobei sie für eine nicht randomisierte Zuordnung von Beschäftigten auf mehr oder weniger produktive Firmen kontrollieren. Typischerweise führt dabei eine zehn prozentige Erhöhung der Wertschöpfung pro Arbeitnehmer zu einem Anstieg der Löhne zwischen 0,5 und 1,5 Prozent. Der zweite Literaturstrang stellt auf firmenspezifische Lohnaufschläge ab, zu deren Ermittlung die Lohnpositionen von Berufswechslern herangezogen werden. Dabei zeigt sich, dass die Lohnsetzung der Firmen bedeutenden Einfluss auf die Lohnungleichheit ausübt. Zahlreiche Studien zeigen, dass firmenspezifische Lohneffekte ungefähr 20 Prozent der Gesamtvarianz der Löhne ausmachen. Um diese Ergebnisse entsprechend interpretieren zu können, entwickeln wir in einem ersten Schritt ein Modell, in dem Beschäftigte das Arbeitsumfeld als imperfektes Substitut wahrnehmen und Firmen über eine gewisse Marktmacht bei der Lohnsetzung verfügen. Bereits in einer einfachen Versionen steht dieses Modell in Einklang mit den stilisierten empirischen Ergebnisse der Literatur bezüglich den Elastizitäten von rent sharing und der Struktur von firmenspezifischer Lohnaufschlägen.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/146159
    Schriftenreihe: IAB-discussion paper ; 2016/19
    Schlagworte: Lohnstruktur; Arbeitsproduktivität; Betriebszugehörigkeit; Produktivität; Firmentarifvertrag; Theorie; Portugal; rent sharing
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  22. The extent of rent sharing along the wage distribution
    Erschienen: February 2017
    Verlag:  IZA, Bonn, Germany

    The relation between rent sharing and wages has generally been evaluated on average wages. This paper uses a unique employer-employee panel database to investigate the extent of rent sharing along the wage distribution in Italy. We apply quantile... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (10570)
    keine Fernleihe

     

    The relation between rent sharing and wages has generally been evaluated on average wages. This paper uses a unique employer-employee panel database to investigate the extent of rent sharing along the wage distribution in Italy. We apply quantile regression techniques and control for national level bargaining, unobserved worker and firm heterogeneity and endogeneity. Our findings show that the extent of rent-sharing decreases along the wage distribution, suggesting that unskilled workers benefit most from firms' rents. By applying quantile regressions by occupational categories, we show that the decreasing pattern is mainly driven by blue collar workers, while estimates for white collars are higher and basically constant along the wage distribution. We also provide evidence that unions might represent one of the driver of our findings.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/161193
    Schriftenreihe: Discussion paper / IZA ; no. 10570
    Schlagworte: Lohnstruktur; Regressionsanalyse; IV-Schätzung; Italien; rent sharing
    Umfang: 1 Online-Ressource (circa 37 Seiten)
  23. Firms and labor market inequality
    evidence and some theory
    Erschienen: November 2016
    Verlag:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (22850)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 22850
    Schlagworte: Lohnstruktur; Arbeitsproduktivität; Betriebszugehörigkeit; Produktivität; Firmentarifvertrag; Theorie; Portugal; rent sharing
    Umfang: 46 Seiten, 21 ungezählte Seiten, Illustrationen
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