Arbeitspapier
Identifying rent-sharing using firms' energy input mix
We present causal evidence on the rent-sharing elasticity of German manufacturing firms. We develop a new firm-level Bartik instrument for firm rents that combines the firms' predetermined energy input mix with national energy carrier price changes. Reduced-form evidence shows that higher energy prices depress wages. Instrumental variable estimation yields a rent-sharing elasticity of approximately 0.20. Rent-sharing induced by energy price variation is asymmetric and driven by energy price increases, implying that workers do not benefit from energy price reductions but are harmed by price increases. The rent-sharing elasticity is substantially larger in small (0.26) than in large (0.17) firms.
- Sprache
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Englisch
- Erschienen in
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Series: IWH Discussion Papers ; No. 19/2022
- Klassifikation
-
Wirtschaft
Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation
Wages, Compensation, and Labor Costs: General
Energy; Environment
- Thema
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Bartik instrument
energy prices
rent-sharing
wage inequality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mertens, Matthias
Müller, Steffen
Neuschäffer, Georg
- Ereignis
-
Veröffentlichung
- (wer)
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Halle Institute for Economic Research (IWH)
- (wo)
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Halle (Saale)
- (wann)
-
2022
- Handle
- URN
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urn:nbn:de:gbv:3:2-911332
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Mertens, Matthias
- Müller, Steffen
- Neuschäffer, Georg
- Halle Institute for Economic Research (IWH)
Entstanden
- 2022