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Micro-Evidence on Rent Sharing from Different Perspectives

Author

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  • Dobbelaere, Sabien

    () (Vrije Universiteit Amsterdam)

  • Mairesse, Jacques

    () (CREST-INSEE)

Abstract

This article provides evidence of rent sharing from orthogonal directions by exploiting different dimensions in the same data. Taking advantage of a rich matched employer-employee dataset for France over the period 1984-2001, we consistently compare across-industry heterogeneity in rent-sharing parameters derived from three different approaches. The accounting approach and the standard labor economics approach are compatible with distinct labor bargaining settings (right-to-manage, efficient bargaining, labor hoarding) whereas the productivity approach hinges on the assumption of efficient bargaining. Across the different approaches, we evidently find differences in dispersion of the rent-sharing parameter estimates which could be attributable to differences in modeling assumptions and/or data requirements but these estimates lie within a comparable range. We interpret the latter finding as lending empirical support to efficient bargaining as the nature of the bargaining process in France over the considered period.

Suggested Citation

  • Dobbelaere, Sabien & Mairesse, Jacques, 2010. "Micro-Evidence on Rent Sharing from Different Perspectives," IZA Discussion Papers 4871, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp4871
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    Cited by:

    1. Sabien Dobbelaere & Jacques Mairesse, 2013. "Panel data estimates of the production function and product and labor market imperfections," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 28(1), pages 1-46, January.
    2. Pedro S. Martins & Yong Yang, 2015. "Globalized Labour Markets? International Rent Sharing Across 47 Countries," British Journal of Industrial Relations, London School of Economics, vol. 53(4), pages 664-691, December.
    3. Barth, Erling & Bryson, Alex & Davis, James C. & Freeman, Richard, 2014. "It’s where you work: increases in earnings dispersion across establishments and individuals in the US," LSE Research Online Documents on Economics 60604, London School of Economics and Political Science, LSE Library.
    4. Pierre Mohnen & Bronwyn Hall, 2013. "Innovation and Productivity: An Update," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 3(1), pages 47-65, June.

    More about this item

    Keywords

    rent sharing; wage equation; production function; matched employer-employee data;

    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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