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Power, productivity and profits

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Author Info

  • Peter Skott

    ()
    (University of Massachusetts Amherst)

  • Frederick Guy

    ()
    (Birkbeck College)

Abstract

New information and communication technologies, we argue, have been 'power-biased': in many industries they have allowed firms to monitor workers more closely, thus reducing the power of these workers. An efficiency wage model shows that 'power-biased technical change' in this sense may generate rising inequality accompanied by an increase in both unemployment and work intensity. JEL Categories: J31, O33

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Bibliographic Info

Paper provided by University of Massachusetts Amherst, Department of Economics in its series UMASS Amherst Economics Working Papers with number 2007-02.

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Date of creation: Jan 2007
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Handle: RePEc:ums:papers:2007-02

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Keywords: power-biased technical change; efficiency wages; inequality; work intensity.;

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  1. Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752, Octomber.
  2. Larry W. Hunter & John J. Lafkas, 2003. "Opening the box: Information technology, work practices, and wages," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 56(2), pages 224-243, January.
  3. Francis Green, 2002. "Why Has Work Effort Become More Intense?," Studies in Economics 0207, Department of Economics, University of Kent.
  4. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages C1-33, March.
  5. Donald W. Katzner & Peter Skott, 2004. "Economic Explanation, Ordinality and the Adequacy of Analytic Specification," UMASS Amherst Economics Working Papers 2004-02, University of Massachusetts Amherst, Department of Economics.
  6. Green, Francis & McIntosh, Steven, 2001. "The intensification of work in Europe," Labour Economics, Elsevier, vol. 8(2), pages 291-308, May.
  7. Peter Skott & Frederick Guy, 2005. "Power-Biased Technological Change and the Rise in Earnings Inequality," UMASS Amherst Economics Working Papers 2005-17, University of Massachusetts Amherst, Department of Economics.
  8. Matias Ramirez & Frederick Guy & David Beale, 2007. "Contested Resources: Unions, Employers, and the Adoption of New Work Practices in US and UK Telecommunications," British Journal of Industrial Relations, London School of Economics, vol. 45(3), pages 495-517, 09.
  9. Gintis, Herbert & Ishikawa, Tsuneo, 1987. "Wages, work intensity, and unemployment," Journal of the Japanese and International Economies, Elsevier, vol. 1(2), pages 195-228, June.
  10. Alfred D. Chandler, 1969. "Strategy and Structure: Chapters in the History of the American Industrial Enterprise," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530090, December.
  11. Francis Green & Steven McIntosh, 1998. "Union power, cost of job loss, and workers' effort," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 51(3), pages 363-383, April.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Monetizability
    by chris dillow in Stumbling and Mumbling on 2011-07-28 13:53:23
  2. Inequality & power
    by chris dillow in Stumbling and Mumbling on 2011-05-20 17:33:31
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  4. Looks & earnings
    by chris dillow in Stumbling and Mumbling on 2011-05-16 15:23:21
  5. Profits & top incomes
    by chris dillow in Stumbling and Mumbling on 2010-10-31 09:47:10
  6. Miliband on immigration
    by chris dillow in Stumbling and Mumbling on 2010-09-29 13:05:08
  7. The tendency for the rate of profit to rise
    by chris dillow in Stumbling and Mumbling on 2010-04-07 12:48:41
  8. Economics as Feynman's onion
    by chris dillow in Stumbling and Mumbling on 2009-07-05 10:14:27
  9. Bonuses, power and inequality
    by chris dillow in Stumbling and Mumbling on 2009-02-08 11:15:00
  10. Immigration & wages: more evidence
    by chris dillow in Stumbling and Mumbling on 2008-11-03 17:42:02
  11. Debuncification
    by chris dillow in Stumbling and Mumbling on 2012-12-28 14:35:29
  12. Why is the middle squeezed?
    by chris dillow in Stumbling and Mumbling on 2013-03-27 14:18:02
  13. Efficiency wages for MPs?
    by chris dillow in Stumbling and Mumbling on 2014-04-10 14:01:23

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