G2TT
来源类型Discussion paper
规范类型论文
来源IDDP310
DP310 Insider Forces and Wage Determination
Stephen Nickell; Sushil Wadhwani
发表日期1989-05-01
出版年1989
语种英语
摘要This paper attempts to assess the relative importance of firm-specific factors (i.e., insider forces) in wage determination. Using firm-level data on 219 UK companies over the period 1974-82, it finds that a 1% rise in a firm's prices or productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside factors such as the aggregate wage and the unemployment rate also play an important role. There is evidence for hysteresis effects based on insider forces, but these are inversely related to the extent to which firms take national agreements into account.
关键词Hysteresis Labour productivity Unions Wages
URLhttps://cepr.org/publications/dp310
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529468
推荐引用方式
GB/T 7714
Stephen Nickell,Sushil Wadhwani. DP310 Insider Forces and Wage Determination. 1989.
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