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The Labor Market and Corporate Structure

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Author Info
Acemoglu, D.
Newman, A.F.

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Abstract

We analyze the impact of labor demand and labor market regulations on the corporate structure of firms. We find that higher wages are associated with lower monitoring, irrespective of whether these high wages are caused by labor market regulatio ns, unions or higher labor demand. These comparative static results are in line with the broad trends in the data.

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Publisher Info
Paper provided by Massachusetts Institute of Technology (MIT), Department of Economics in its series Working papers with number 97-8.

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Length: 38 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:mit:worpap:97-8

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Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
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Web page: http://econ-www.mit.edu/
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Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
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Related research
Keywords: EFFICIENCY ; WAGES ; MORAL HAZARD ; CORPORATIONS ; REGULATIONS;

Other versions of this item:

Find related papers by JEL classification:
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Daron Acemoglu, 2000. "Credit Market Imperfections and Persistent Unemployment," NBER Working Papers 7938, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Patrick Legros & Andrew F. Newman & Eugenio Proto, 2006. "Smithian Growth through Creative Organization," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-158, Boston University - Department of Economics. [Downloadable!]
    Other versions:
  3. DiNardo, John & Hallock, Kevin F. & Pischke, Jörn-Steffen, 2000. "Unions and the Labor Market for Managers," IZA Discussion Papers 150, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  4. Linus Wilson, 2003. "Hard Debt, Soft CEO’s and Union Rents," OFRC Working Papers Series 2003fe12, Oxford Financial Research Centre. [Downloadable!]
  5. Linus Wilson, 2003. "Hard Debt, Soft CEO`s and Union Rents," Economics Series Working Papers 170, University of Oxford, Department of Economics. [Downloadable!]
  6. John McLaren, 2000. ""Globalization" and Vertical Structure," American Economic Review, American Economic Association, vol. 90(5), pages 1239-1254, December. [Downloadable!] (restricted)
  7. Marcel Fafchamps & Måns Söderbom, 2004. "Wages and Labor Management in African Manufacturing," Development and Comp Systems 0409043, EconWPA. [Downloadable!]
    Other versions:
  8. Paul Beaudry & Patrick Francois, 2005. "Managerial Skill Acquisition and the Theory of Economic Development," NBER Working Papers 11451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  9. Anthony M. Marino & John G. Matsusaka & Jan Zabojnik, 2006. "Disobedience and Authority," Working Papers 1109, Queen's University, Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-2.


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