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Comparing micro-evidence on rent sharing from two different econometric models

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  • Dobbelaere, Sabien
  • Mairesse, Jacques

Abstract

The extent to which employers share rents with their employees is typically assessed by estimating the responsiveness of workers’ wages on firms’ ability to pay. This paper compares rent-sharing estimates using such a wage determination regression with estimates based on a productivity regression that relies on standard firm-level input and output data. Using a large matched firm-worker panel data sample for French manufacturing, we find that the respective industry distributions of the rent-sharing estimates are correlated and slightly overlap, but are significantly different on average. Precisely, if we only rely on the firm-level information, we obtain an average rent-sharing estimate of roughly 0.30 for the productivity regression and 0.17 for the wage determination regression. When we also take advantage of the worker-level information to control for unobserved worker ability in the model of wage determination, we find as expected a lower average value of 0.10.

Suggested Citation

  • Dobbelaere, Sabien & Mairesse, Jacques, 2018. "Comparing micro-evidence on rent sharing from two different econometric models," Labour Economics, Elsevier, vol. 52(C), pages 18-26.
  • Handle: RePEc:eee:labeco:v:52:y:2018:i:c:p:18-26
    DOI: 10.1016/j.labeco.2018.02.009
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    Cited by:

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    5. Gagliardi, Nicola & Mahy, Benoît & Rycx, Francois, 2019. "Upstreamness, Wages and Gender: Equal Benefits for All?," IZA Discussion Papers 12449, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Rent sharing; Wage equation; Production function; Matched employer-employee data;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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