Journal article | Zeitschriftenartikel
Microdata Evidence on Rent-Sharing
We examine the effect of firm profits on wages for individual workers while focusing on the empirical complications associated with estimating the extent of rent-sharing. Controlling for worker and firm fixed-effects and using several instruments to deal with the endogeneity of profits, we report results indicating that OLS-estimates strongly underestimate the effects of profits on wages. Moreover, the effect of profits on wages are estimated separately for firms with increasing and decreasing profits within a given time period. We find a positive and stable effect only in firms with increasing profits. This is in line with the idea that falling profits do not lead to wage cuts while increasing profits imply higher wages.
- ISSN
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1466-4283
- Extent
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Seite(n): 2965-2976
- Language
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Englisch
- Notes
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Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
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Applied Economics, 41(23)
- Subject
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Wirtschaft
Volkswirtschaftstheorie
- Event
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Geistige Schöpfung
- (who)
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Heyman, Fredrik
Arai, Mahmood
- Event
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Veröffentlichung
- (when)
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2009
- DOI
- URN
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urn:nbn:de:0168-ssoar-242299
- Rights
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:27 PM CEST
Data provider
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Heyman, Fredrik
- Arai, Mahmood
Time of origin
- 2009
Other Objects (12)
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Microdata Evidence on Rent-Sharing
Rent-sharing and collective wage contracts - evidence from German establishment-level data
Rent Sharing Before and After the Wage Bill
Borrowing constraints and international risk sharing: evidence from asymmetric error-correction
Agglomeration effects on labor productivity: an assessment with microdata
Micro-evidence on rent sharing from different perspectives
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Group-specific effects of interregional mobility on earnings - a microdata analysis for Germany
Introduction: Power-sharing in Africa
Prevalence of Cell Phone Sharing
Comparing Micro-Evidence on Rent Sharing from Three Different Approaches
Comparing Micro-Evidence on Rent Sharing from Three Different Approaches
Microdata Evidence on Rent-Sharing
Rent-sharing and collective wage contracts - evidence from German establishment-level data
Rent Sharing Before and After the Wage Bill
Borrowing constraints and international risk sharing: evidence from asymmetric error-correction
Agglomeration effects on labor productivity: an assessment with microdata
Micro-evidence on rent sharing from different perspectives
Micro-evidence on rent sharing from different perspectives
Group-specific effects of interregional mobility on earnings - a microdata analysis for Germany
Introduction: Power-sharing in Africa
Prevalence of Cell Phone Sharing
Comparing Micro-Evidence on Rent Sharing from Three Different Approaches