Basic Wages and Firm Characteristics: Rent Sharing in French Manufacturing
This paper shows that firm profits (and losses), and value added, are strongly related to individual hourly basic wages for most employees, as well as to the total earnings measures used previously but correlated with working time. Capital intensity is independently important without reducing the significance of profits, as in other studies. Value added avoids the negative bias implicit in accounting profits, and has a much larger effect on basic wages and earnings in the presence of numerous individual and firm controls. Copyright 2004 CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd.
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Volume (Year): 18 (2004)
Issue (Month): 4 (December)
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References listed on IDEAS
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- Yuk-Shee Chan., 1982.
"On the Positive Role of Financial Intermediation in Allocation of Venture Capital in a Market with Imperfect Information,"
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- Gavin C Reid, 1998. "The Application of Principal-Agent Methods to Investor-Investee Relations in the UK Venture Capital Industry," CRIEFF Discussion Papers 9810, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Gavin C Reid, 1994. "Fast Growing Small Entrepreneurial Firms and their Venture Capital Backers: an Applied Principal-Agent Analysis," CRIEFF Discussion Papers 9421, Centre for Research into Industry, Enterprise, Finance and the Firm.
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