Real wage determination and rent-sharing in collective bargaining agreements
Christofides, L. & 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.
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 | Working paper |
|---|---|
| Copyright holders | © 1991 The Authors |
| Departments | LSE > Research Centres > Centre for Economic Performance |
| Date Deposited | 21 Aug 2008 |
| URI | https://researchonline.lse.ac.uk/id/eprint/21093 |