REAL WAGE DETERMINATION AND RENT-SHARING IN COLLECTIVE-BARGAINING AGREEMENTS

• 成果类型: Article
• 署名作者: CHRISTOFIDES, LN; OSWALD, AJ
• 署名单位: Dartmouth College; University of London; London School Economics & Political Science
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.2307/2118371
• 发表日期: 1992
• 页码: 985-1002
• 关键词: unemployment; UNION; EMPLOYMENT; CONTRACTS; OUTSIDERS; INSIDERS; models

摘要

The microeconomic forces that influence real wages are not fully understood. This paper studies pay determination using data on approximately 600 labor 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.