Ferrall, Christopher; Salvanes, Kjell G.; Sørensen, … - Economics Department, Queen's University - 2009
We develop an equilibrium model of wages and estimate it using administrative data from Norway. Coworkers interact … through a task-assignment model, and wages are determined through multi-lateral bargaining over the surplus that accrues to … the workforce. Seniority affects wages through workplace output and relative bargaining power. These channels are …