Rent-sharing in Portuguese Banking

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Rent-sharing in Portuguese Banking

Author Info

Natália Pimenta Monteiro () (Universidade do Minho)
Miguel Portela () (Universidade do Minho and IZA)

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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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Paper provided by NIPE - Universidade do Minho in its series NIPE Working Papers with number 18/2007.

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Date of creation: 2007
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Handle: RePEc:nip:nipewp:18/2007

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Postal: Núcleo de Investigação em Políticas Económicas, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal
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Find related papers by 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 - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-10-06 (All new papers)
NEP-BAN-2007-10-06 (Banking)
NEP-LAB-2007-10-06 (Labour Economics)

References listed on IDEAS
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David G. Blanchflower & Andrew J. Oswald & Peter Sanfey, 1992. "Wages, Profits and Rent-Sharing," NBER Working Papers 4222, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- Blanchflower, David G & Oswald, Andrew J & Sanfey, Peter, 1996. "Wages, Profits, and Rent-Sharing," The Quarterly Journal of Economics, MIT Press, vol. 111(1), pages 227-51, February. [Downloadable!] (restricted)
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Other versions:
- Natália Monteiro, 2009. "Regulatory reform and labour earnings in Portuguese banking," Empirical Economics, Springer, vol. 36(3), pages 557-574, June. [Downloadable!] (restricted)
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Other versions:
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Other versions:
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Other versions:
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Other versions:
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Dobbelaere, Sabien, 2004. "Ownership, firm size and rent sharing in Bulgaria," Labour Economics, Elsevier, vol. 11(2), pages 165-189, April. [Downloadable!] (restricted)
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Other versions:
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