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Rent-Sharing in the Labor Market

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Author Info
Oswald, Andrew

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Abstract

Is the labor market well-approximated by a competitive model or is wage determination instead a kind of non-competitive rent-sharing? This unsettles question lies at the heart of labor economics and macroeconomics. The paper argues that new research -- drawing upon data of a kind not available to previous generations of researchers -- appears to provide persuasive evidence for the existence of rent-sharing in the labor market.

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File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/workingpapers/publications/1995-1998/twerp_474.pdf
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Publisher Info
Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 474.

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Length: 40 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:wrk:warwec:474

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  1. Pedro S. Martins, 2004. "Rent Sharing Before and After the Wage Bill," Discussion Paper Series, Department of Economics 0405, Department of Economics, University of St. Andrews. [Downloadable!]
    Other versions:
  2. W. Jos Jansen & Ad C.J. Stokman, 2003. "International Rent Sharing and Domestic Labour Markets: A Macroeconomic Analysis," MEB Series (discontinued) 2003-14, Netherlands Central Bank, Monetary and Economic Policy Department. [Downloadable!]
    Other versions:
  3. Kuhn, Johan Moritz, 2007. "My Pay is Too Bad (I Quit). Your Pay is Too Good (You're Fired)," Working Papers 07-5, University of Aarhus, Aarhus School of Business, Department of Economics. [Downloadable!]
  4. Fuest, Clemens & Thum, Marcel, 1999. "Immigration and Skill Formation in Unionised Labour Markets," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  5. Natália Pimenta Monteiro, 2004. "Regulatory reform and the Portuguese banking labour market: two decades later," NIPE Working Papers 10/2004, NIPE - Universidade do Minho. [Downloadable!]
  6. W.Jos Jansen & Ad C.J.Stokman, 2003. "The Importance of Multinational Companies for Global Economic Linkages," DNB Staff Reports (discontinued) 99, Netherlands Central Bank. [Downloadable!]
    Other versions:
  7. Antti Kauhanen & Hannu Piekkola, 2002. "Rent Sharing as Part of Incentive Payments and Recruitment," Discussion Papers 793, The Research Institute of the Finnish Economy. [Downloadable!]
  8. Hannu Piekkola, 2002. "Rent Sharing and Efficiency Wages," Discussion Papers 688, The Research Institute of the Finnish Economy. [Downloadable!]
  9. Ellen Brock & Sabien Dobbelaere, 2006. "Has International Trade Affected Workers’ Bargaining Power?," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 142(2), pages 233-266, July. [Downloadable!] (restricted)
    Other versions:
  10. Pedro S. Martins & Luiz A. Esteves, 2006. "Is There Rent Sharing In Developing Countries? Matched-Panel Evidence from Brazil," IZA Discussion Papers 2317, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  11. Hannu Piekkola & Pertti Haaparanta, 1999. "Liquidity Constraints Faced by Firm and Employment," Discussion Papers 695, The Research Institute of the Finnish Economy. [Downloadable!]
  12. Sandra E. Black & Philip E. Strahan, 2001. "The Division of Spoils: Rent-Sharing and Discrimination in a Regulated Industry," American Economic Review, American Economic Association, vol. 91(4), pages 814-831, September. [Downloadable!] (restricted)
  13. Ricardo J. Caballero & Mohamad L. Hammour, 1999. "The Cost of Recessions Revisited: A Reverse-Liquidationist View," NBER Working Papers 7355, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  14. John W. Budd & Matthew J.Slaughter, 2000. "Are Profits Shared Across Borders? Evidence on International Rent Sharing," NBER Working Papers 8014, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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