Basic Wages and Firm Characteristics: Rent-sharing in Frensh Manufacturing
This paper shows that firm profits (and losses) are strongly related to individual hourly basic wages for most employees, as well as to the total earnings measures that have been used previously but are correlated with working time. Capital intensity is independently important without reducing the significance of profits as in other studies. Our estimated basic wage-profit elasticity of one to two percent in the presence of numerous individual and firm controls is of similar magnitude to the female collective bargain premium and the firm size-wage effect, and these effects are much smaller than previous estimates without firm-specific controls
|Date of creation:||Feb 2002|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 01334 462420
Fax: 01334 462438
Web page: http://crieff.wordpress.com/
More information through EDIRC
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.:
- 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.
- 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 1543-68, 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, 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:san:crieff:0203. 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: (Bram Boskamp)
If references are entirely missing, you can add them using this form.