haku: @indexterm WAGE DETERMINATION / yhteensä: 225
viite: 104 / 225
| Tekijä: | Scaramozzino, P. |
| Otsikko: | Bargaining with outside options: Wages and employment in UK manufacturing 1974-82 |
| Lehti: | Economic Journal
1991 : MAR, VOL. 101:405, p. 331-342 |
| Asiasana: | BARGAINING WAGE DETERMINATION MANUFACTURING INDUSTRY UNITED KINGDOM EMPLOYMENT |
| Kieli: | eng |
| Tiivistelmä: | The determinants of wages and employment at the firm level are studied. First, a basic theoretical model on bargaining with outside options is presented. It is followed by the econometric methodology. The use of a priori information on the classification of firms across regimes is discussed next. Finally, the econometric estimates of wage and employment equations are given. It is concluded that rent sharing behaviour exhibits structural break. There is evidence that investment decisions are affected by the bargaining regimes. Industry-wide wage level is a crucial determinant of wages at the outside options. Profits per employee are mainly important in the interior regime. Wage and employment determinants are driven by external factors. |
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