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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Wages, profits, and rent-sharing
Authors: Blanchflower, David
Oswald, Andrew J
Sanfey, Peter
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Issue Date: Feb-1996
Publisher: Massachusetts Institute of Technology Press (MIT Press) and Oxford University Press (OUP) for the President and Fellows of Harvard College
Citation: Blanchflower D, Oswald AJ & Sanfey P (1996) Wages, profits, and rent-sharing, The Quarterly Journal of Economics, 111 (1), pp. 227-251.
Abstract: The paper suggests a new test for rent-sharing in the U. S. labor market. Using an unbalanced panel from the manufacturing sector, it shows that a rise in a sector's profitability leads after some years to an increase in the long-run level of wages in that sector. The paper controls for workers' characteristics, for industry fixed effects, and for unionism. Lester's range of wages is estimated, for rentsharing reasons alone, at approximately 24 percent of the mean wage.
Type: Journal Article
DOI Link:
Rights: © 1996 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
Affiliation: Economics
University of Warwick
University of Kent

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