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Author: Nicole Guertzgen Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Using a linked employer-employee dataset, this paper analyses the relationship between firm profitability and wages. Particular emphasis is given to the question of whether the sensitivity of wages to firm-specific rents varies with collective bargaining coverage. To address this issue, we distinguish sector- and firm-specific wage agreements and wage determination without any bargaining coverage. Our findings indicate that individual wages are positively related to firm-specific quasi-rents in the non-union sector and under firm-specific contracts. Industry-wide wage contracts, however, are associated with a significantly lower responsiveness of wages to firm-level profitability.
Author: Nicole Guertzgen Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Using a linked employer-employee dataset, this paper analyses the relationship between firm profitability and wages. Particular emphasis is given to the question of whether the sensitivity of wages to firm-specific rents varies with collective bargaining coverage. To address this issue, we distinguish sector- and firm-specific wage agreements and wage determination without any bargaining coverage. Our findings indicate that individual wages are positively related to firm-specific quasi-rents in the non-union sector and under firm-specific contracts. Industry-wide wage contracts, however, are associated with a significantly lower responsiveness of wages to firm-level profitability.
Author: Nicole Guertzgen Publisher: ISBN: Category : Languages : en Pages :
Book Description
Abstract: Using German establishment-level data, this paper analyses whether wages respond to firm-specific profitability conditions. Particular emphasis is given to the question of whether the extent of rent-sharing varies with collective bargaining coverage. In this context, two conflicting hypotheses are tested. The first one asserts that unions exploit their bargaining power at the firm-level and appropriate a larger share of rents than the bargaining parties in uncovered firms. The second one states that unions favour a compressed intra-industry wage structure and suppress the responsiveness of wages to firm-specific profitability conditions.\ The empirical analysis provides strong support for the second hypothesis. While pooled OLS estimates yield positive estimates of the rent-sharing coefficient in covered establishments, dynamic panel data estimates accounting for unobserved heterogeneity and the endogeneity of rents point to a rent-sharing coefficient of zero
Author: Nicole Gürtzgen Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper analyses whether wages in Germany respond to firm-specific profitability conditions. Particular emphasis lies on the question of whether the extent of rent-sharing varies across different systems of wage determination. Those may be categorised into sector-specific wage agreements, firm-specific wage agreements and wage determination without any bargaining coverage. To derive testable hypotheses, we set up a theoretical model that analyses the sensitivity of wages to firm-specific conditions under different wage setting structures. The hypotheses are tested using an establishment-level panel data set from the mining and manufacturing sector. The results of the empirical analysis generally suggest that rent-sharing is present in Germany. However, the extent of rent-sharing is found to be significantly lower in establishments that are subject to a collective wage agreement - irrespective of whether the agreement is industry- or firm-specific. While pooled OLS estimates yield positive estimates of the rent-sharing coefficient in establishments that are covered by a collective contract, SYS-GMM-estimates accounting for unobserved heterogeneity and endogeneity of rents point to a rent-sharing coefficient of zero.
Author: Michael Rusinek Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Using Belgian linked employer-employee data, we examine how collective bargaining arrangements affect the relationship between firms' profitability and individual wages via rent-sharing. In industries where agreements are usually renegotiated at firm-level ('decentralized industries') wages and firm-level profits are positively correlated regardless of the type of collective wage agreement by which the workers are covered (industry or firm). On the other hand, where firm-level wage renegotiation is less common ('centralized industries'), wages are only significantly related to firms' profitability for workers covered by a firm-level collective agreement. Thus, industry-wide contracts that are not complemented by a firm-level collective agreement suppress the impact of firm profits on workers' wages in centralized industries.
Author: Joshua Budlender Publisher: ISBN: 9789292674403 Category : Languages : en Pages : 0
Book Description
Faced with more favourable demand conditions, many firms raise wages. However, we show that firms with labour market power, lower productivity, and binding wage floors will absorb these positive revenue productivity shocks as excess profits instead of increasing wages or employment. Our prediction follows from a simple but novel theoretical insight under a standard framework of monopsonistic competition, and we empirically test this theory in South Africa using firm-level administrative data. We first explain how firm wage-setting behaviour changes at a productivity threshold directly related to the wage floor and then show how the predicted wage, employment, and profit patterns are evident in the cross-section of firms covered by collective bargaining agreements. We then replicate and extend a leading method of identifying rent-sharing elasticities, but estimated separately by firm revenue productivity bins. As predicted by the theory, we find that firms below the threshold increase wages and employment less, and profits more, in response to revenue productivity shocks, and that there is a break at the threshold where wage floors bind. The study complicates the conclusions emerging from the literature on firm rentsharing, and forms part of an explanation for 'stalled' development and 'jobless growth'.
Author: OECD Publisher: OECD Publishing ISBN: 9264362576 Category : Languages : en Pages : 270
Book Description
Collective bargaining and workers’ voice are often discussed in the past rather than in the future tense, but can they play a role in the context of a rapidly changing world of work? This report provides a comprehensive assessment of the functioning of collective bargaining systems and workers’ voice arrangements across OECD countries, and new insights on their effect on labour market performance today.
Author: Toke Aidt Publisher: Directions in Development ISBN: Category : Business & Economics Languages : en Pages : 188
Book Description
This book offers an extensive survey and synthesis of the economic literature on trade unions and collective bargaining and their impact on micro-and macro-economic outcomes. The authors demonstrate the effects of collective bargaining in different country settings and time periods. A comprehensive reference, this book will be of interest to students and scholars of labor policy as well as to policy makers and anyone with an interest in the economic consequences of unionism.
Author: Nicole Guertzgen
Author: Nicole Guertzgen
Author: Nicole Guertzgen
Author: Nicole Gürtzgen
Author: Nicole Gürtzgen
Author: Loizos Nicolaou Christofides
Author: Michael Rusinek
Author: Stephen G. Bronars
Author: Joshua Budlender
Author: OECD
Author: Toke Aidt