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Evidence of Efficiency Wage Payments in UK Firm Level Panel Data

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Author Info
Konings, Jozef
Walsh, Patrick P

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Abstract

The authors explicitly model the vertical spillovers that result from imperfections in both labor and product markets. They model the vertical spillovers from wage determination in an upstream labor market to market share performance in a downstream product market and vice versa. Rent sharing due to efficiency wages is shown to create a unique downstream vertical spillover, while rent sharing due to wage bargaining creates a two-way vertical spillover. Using U.K. firm level panel data, the authors show that downstream spillovers due to efficiency wage payments and union activity exist and constitute general direct evidence of efficiency wage payments in U.K. companies. Copyright 1994 by Royal Economic Society.

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Publisher Info
Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 104 (1994)
Issue (Month): 424 (May)
Pages: 542-55
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Handle: RePEc:ecj:econjl:v:104:y:1994:i:424:p:542-55

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  1. Azam, Jean-Paul & Ris, Catherine, 2001. "Rent-sharing, hold-up, and manufacturing wages in Cote d'Ivoire," Policy Research Working Paper Series 2600, The World Bank. [Downloadable!]
  2. Frank Walsh, 2005. "Efficiency Wages and Bargaining," Working Papers 200523, School Of Economics, University College Dublin. [Downloadable!]
  3. Ourania Karakosta & Nikos Tsakiris, 2009. "Indirect Tax Reforms and Public Goods under Imperfect Competition," University of Cyprus Working Papers in Economics 5-2009, University of Cyprus Department of Economics. [Downloadable!]
  4. Jozef Konings & Patrick Walsh, 2000. "The Impact of Product Market Competition on Employment Determination in Unionised and Non-Unionised Firms: Firm Level Evidence for the U.K," Review of Industrial Organization, Springer, vol. 17(4), pages 385-394, December. [Downloadable!] (restricted)
  5. Simón Pérez, H., 2001. "La estructura de salarios pactados en España," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 19, pages 171-187, Diciembre. [Downloadable!] (restricted)
  6. Sessions, John & Theodoropoulos, N., 2009. "Tenure, Wage Profiles and Monitoring," Department of Economics Working Papers 27/09, University of Bath, Department of Economics. [Downloadable!]
    Other versions:
  7. Andreas P. Georgiadis, 2006. "Is there a Wage-Supervision Trade-Off? Efficiency Wages Evidence From the 1990 British Workplace Industrial Relations Survey," The Centre for Market and Public Organisation 06/152, Department of Economics, University of Bristol, UK. [Downloadable!]
  8. Fiona Duffy & Patrick Paul Walsh, 2000. "Individual Pay and Outside Options: Evidence from the Polish Labour Force Survey," William Davidson Institute Working Papers Series 364, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    Other versions:
  9. Rodrigo Taborda & Juan Carlos Guataqui, 2003. "Firm level evidence of efficiency wages and labor turnover in Colombia's manufacturing industry," BORRADORES DE INVESTIGACIÓN 002729, UNIVERSIDAD DEL ROSARIO - FACULTAD DE ECONOMÍA. [Downloadable!]
  10. Dennis A.V. Dittrich, 2004. "Wages, Length of Relationship and Bargaining Power: An experimental study in a world of complete contracts," Papers on Strategic Interaction 2004-18, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
  11. Filip Abraham & Jozef Konings & Stijn Vanormelingen, 2009. "The effect of globalization on union bargaining and price-cost margins of firms," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 145(1), pages 13-36, April. [Downloadable!] (restricted)
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  12. Seref Saygili, 1998. "Is the Efficiency Wage Hypothesis Valid for Developing Countries? Evidence from the Turkish Cement Industry," Studies in Economics 9810, Department of Economics, University of Kent. [Downloadable!]
  13. Stephen Nickell & D Nicolitsas, 1994. "Wages," CEP Discussion Papers dp0219, Centre for Economic Performance, LSE. [Downloadable!]
  14. Matti Viren, 2006. "Higher wages and capital intensity: a closer look," Discussion Papers 13, Aboa Centre for Economics. [Downloadable!]
  15. Maarten Goos & Jozef Konings, 2001. "Does Rent-Sharing Exist in Belgium ?. An Empirical Analysis Using Firm Level Data," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(1), pages 65-79. [Downloadable!]
  16. Matti Virén, 2005. "Why do capital intensive companies pay higher wages?," Labor and Demography 0508014, EconWPA. [Downloadable!]
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