Are profits shared across borders? Evidence on international rent sharing

• 成果类型: Article
• 署名作者: Budd, JW; Slaughter, MJ
• 署名单位: Dartmouth College; University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/383106
• 发表日期: 2004
• 页码: 525-552
• 关键词: collective-bargaining agreements; UNITED-STATES; foreign competition; wage determination; real wage; canada; PROTECTION; industry; TRADE; POWER

摘要

The large literature on labor-market rent sharing consists of closed economy analyses. In this article we examine whether profits are shared across borders and also conditioned by international linkages that help shape economic openness. In a sample of 1,014 Canadian manufacturing union contracts from 1980 through 1992, we find that U. S. industry profitability affects Canadian wage outcomes and that the pattern of rent sharing varies significantly across international linkages, including multinational ownership, union type, and trade barriers. There seems to be international rent sharing, with profit sharing across borders conditioned by firm- and industry-level institutions.