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.
(This abstract was borrowed from another version of this item.)
|Date of creation:||2003|
|Contact details of provider:|| Postal: 12, place du Panthéon, 75230 Paris Cedex 05|
Phone: (33) 1 44 41 89 61 (66)
Fax: (33) 1 40 51 81 30
Web page: http://ermes.u-paris2.fr/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chan, Yuk-Shee, 1983.
" On the Positive Role of Financial Intermediation in Allocation of Venture Capital in a Market with Imperfect Information,"
Journal of Finance,
American Finance Association, vol. 38(5), pages 1543-1568, December.
- Yuk-Shee Chan., 1982. "On the Positive Role of Financial Intermediation in Allocation of Venture Capital in a Market with Imperfect Information," Research Program in Finance Working Papers 127, University of California at Berkeley.
- Gavin C. Reid, 1999.
"The application of principal-agent methods to investor-investee relations in the UK venture capital industry,"
Taylor & Francis Journals, vol. 1(4), pages 285-302, October.
- 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.
When requesting a correction, please mention this item's handle: RePEc:erm:papers:0311. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.