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Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries

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Listed:
  • Miaouli, N.

Abstract

This paper analyses the optimal behaviour of a trade union trying to extract capital rents. It shows that wages can increase or decrease with accumulated investment depending on technology and outside income opportunities.

Suggested Citation

  • Miaouli, N., 2001. "Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries," Athens University of Economics and Business 129, Athens University of Economics and Business, Department of International and European Economic Studies.
  • Handle: RePEc:fth:athebu:129
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    More about this item

    Keywords

    TRADE UNIONS ; WAGES ; CAPITAL;
    All these keywords.

    JEL classification:

    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution

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