| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1056 |
| DP1056 Redistributive Politics and Economic Efficiency | |
| Avinash K Dixit; John Londregan | |
| 发表日期 | 1994-11-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper examines the impact of technological innovation on wages using a panel of UK manufacturing firms. We utilize a headcount measure of major innovations between 1945-83 combined with share price and accounting information. Innovating firms are found to have higher average wages, but rival innovation tends to depress own wages. This appears consistent with a model where wages are partly determined by a sharing in the rents generated by innovation. In other words innovation may be a good instrument for proxies for rents such as profitability, quasi-rents or Tobin's q. Instrumental variable estimates of the elasticity between wages and quasi-rents are about 0.3, remarkably close to the recent findings of Abowd and Lemieux (1993). |
| 关键词 | Innovation Rent-sharing Wages |
| URL | https://cepr.org/publications/dp1056 |
| 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/530199 |
| 推荐引用方式 GB/T 7714 | Avinash K Dixit,John Londregan. DP1056 Redistributive Politics and Economic Efficiency. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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