Concentration, Unionism, and Labor Earnings: A Sample Selection Approach
Using a simultaneous equations model of wages and union membership, the elasticity of the wage with respect to market concentration is estimated to be approximately 0.2. The estimate uses a large data set and extensive controls to measure concentration's direct effect on the wage, an indirect effect through unionization, and a feedback effect. The indirect effect represents the majority of concentration's effect. Copyright 1988 by MIT Press.
Volume (Year): 70 (1988)
Issue (Month): 3 (August)
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