Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries.

This paper analyses the optimal behaviour of a trade union trying to extract capital rents. It shows that wages can increase or decrease with accumulated investment depending on technology and outside income opportunities.

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Year of publication:	2001
Authors:	Miaouli, N.
Institutions:	Athens University of Economics and Business (AUEB)
Subject:	TRADE UNIONS \| WAGES \| CAPITAL

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Series:	Athens University of Economics and Business.
Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining ; E25 - Aggregate Factor Income Distribution
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005781143