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Firm-specific determinants of the real wage

Author: Janet Currie; Sheena McConnell; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 1992.
Series: Working paper series (National Bureau of Economic Research), no. w4023.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Bargaining models suggest that firm-specific variables play an important role in wage determination. Yet previous empirical studies of wage determination have largely ignored these variables. Our analysis of a large panel data set of U.S. wage contracts suggests that firm-specific variables suggested by bargaining models. such as the values of sales. the capital-labor ratio, and the financial liquidity of the firm.  Read more...
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Additional Physical Format: Print version:
Currie, Janet.
Firm-specific determinants of the real wage.
Cambridge, MA : National Bureau of Economic Research, [1992]
(OCoLC)25747558
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Janet Currie; Sheena McConnell; National Bureau of Economic Research.
OCLC Number: 72457156
Notes: "March 1992."
Description: 1 online resource.
Series Title: Working paper series (National Bureau of Economic Research), no. w4023.
Responsibility: Janet Currie, Sheena McConnell.

Abstract:

Bargaining models suggest that firm-specific variables play an important role in wage determination. Yet previous empirical studies of wage determination have largely ignored these variables. Our analysis of a large panel data set of U.S. wage contracts suggests that firm-specific variables suggested by bargaining models. such as the values of sales. the capital-labor ratio, and the financial liquidity of the firm. are important determinants of negotiated real wages.

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