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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Wages, profits, and rent-sharing
Author(s): Blanchflower, David
Oswald, Andrew J
Sanfey, Peter
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Issue Date: Feb-1996
Date Deposited: 12-Dec-2012
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.
DOI Link: 10.2307/2946663
Rights: © 1996 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

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