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• W1991207468 abstract "Using German establishment-level data, this article 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 Ordinary Least Squares (POLS) 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." @default.
• W1991207468 created "2016-06-24" @default.
• W1991207468 creator A5024595152 @default.
• W1991207468 date "2010-09-01" @default.
• W1991207468 modified "2023-10-18" @default.
• W1991207468 title "Rent-sharing and collective wage contracts–evidence from German establishment-level data" @default.
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• W1991207468 doi "https://doi.org/10.1080/00036840801964708" @default.
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