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Rent Sharing In Portuguese Banking

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  • NATÁLIA P. MONTEIRO
  • MIGUEL PORTELA

Abstract

Using the fixed e¤ects estimator and the dynamic panel data system-GMM estimator, on a sample of 75 banks, covering the period 1988-2005, this paper estimates how wages in the Portuguese banking sector depend on the employers ability to pay. The results indicate that wages are strongly positively correlated with pro?ts even after controlling for ?rm and workforce characteristics. The Lester?s range of wages due to rent-sharing is 46% - 75% of the mean wage in the Portuguese banking sector.
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  • Natália P. Monteiro & Miguel Portela, 2011. "Rent Sharing In Portuguese Banking," Manchester School, University of Manchester, vol. 79(4), pages 861-883, July.
    • Handle: RePEc:bla:manchs:v:79:y:2011:i:4:p:861-883
    DOI: j.1467-9957.2011.02183.x
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    Cited by:

    1. Natália Monteiro & Miguel Portela & Odd Straume, 2011. "Firm Ownership and Rent Sharing," Journal of Labor Research, Springer, vol. 32(3), pages 210-236, September.

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    More about this item

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J45 - Labor and Demographic Economics - - Particular Labor Markets - - - Public Sector Labor Markets
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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