Wages, Profitability and Market Structure: Threshold Regression Analyses
نویسندگان
چکیده
منابع مشابه
Profitability, investment, and efficiency wages
We examine a model that blends the neoclassical theory of investment with an intertemporal efficiency wage model with turnover costs. Investment decisions in capital are associated with the allocation of labor and the determination of efficiency wages. The model relates Tobin’s q to efficiency wages and, in particular, to the Solow condition. It provides a general framework to analyze firm’s in...
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ainstream macroeconomics is in disarray. Perusal of commonly used textbooks in macroeconomics will confirm that impression without much difficulty. Unfortunately, the same statement could have been made, and often was made, fifteen years ago. While in this sense little has changed in recent years, the disarray is now more fundamental and severe than a t any time since the 1930s. Amidst this dis...
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Considerable attention has been given to studies concluding that monopoly profits associated with industry concentration provide the primary source from which labor unions capture rents [Salinger (1984); Karier (1985); Freeman (1983)]. This conclusion has obvious appeal. It implies that the impact of concentration on profitability has been systematically understated in empirical studies owing t...
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For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries that do not liberalize. The temporary increase in the growth rate of the real wage drives up the level of average annual compens...
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When it is costly for agents to ̄nd a match, integrating small markets into a large one increases the matching di±culty. We examine such dependence of the number of matches on the market size by explicitly modelling ̄rms' attempt to attract workers by posting wages. It is shown that integration reduces the relative market power of agents on the much shorter side of the market. Thus, if there ar...
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ژورنال
عنوان ژورنال: İktisat İşletme ve Finans
سال: 2013
ISSN: 1308-4658,1300-610X
DOI: 10.3848/iif.2013.331.3835