Firm-Specific Determinants of the Real Wage.
Bargaining models suggest that firm-specific variables play an important role in wage determination. Yet previous empirical studies of wage determination have largely ignored these variables. The authors' analysis of a large panel data set of U.S. wage contracts suggests that firm-specific variables suggested by bargaining models, such as the value of sales, the capital-labor ratio, and the financial liquidity of the firm, are important determinants of negotiated real wages. Copyright 1992 by MIT Press.
Year of publication: |
1992
|
---|---|
Authors: | Currie, Janet ; McConnell, Sheena |
Published in: |
The Review of Economics and Statistics. - MIT Press. - Vol. 74.1992, 2, p. 297-304
|
Publisher: |
MIT Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Currie, Janet M., (1992)
-
Wages and collective bargaining legislation : the case for compulsory arbitration
Currie, Janet M., (1989)
-
Strikes and arbitration in the public sector : can legislation reduce dispute costs?
Currie, Janet M., (1989)
- More ...