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| Author: | Nickell, S. Vainiomaki, J. Wadhwani, S. |
| Title: | Wages and product market power |
| Journal: | Economica
1994 : NOV, VOL. 61:244, p. 457-474 |
| Index terms: | PAY MARKETS POWER |
| Language: | eng |
| Abstract: | This paper analyzes time-series on some 800 British manufacturing companies to address various questions concerning the role of insiders and market power in wage determination. The following are the most important results. First, product market power has a positive impact on wages; this impact is enhanced in large firms but is not influenced by union status. Second, while firm-specific factors influence wages, the size of these effects is not influenced by union status, firm size or product market power. |
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