Rent-Sharing in the Labor Market
AbstractIs 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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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 474.
Length: 40 pages
Date of creation: 1996
Date of revision:
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