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- W2010578757 abstract "Many biases plague the estimation of rent sharing in labour markets. Using a Portuguese matched employer-employee panel, these biases are addressed in this paper in three complementary ways: 1) Controlling directly for the fact that firms that share more rents will, ceteris paribus, have lower net-of-wages profits. 2) Instrumenting profits via interactions between the exchange rate and the share of exports in firms' total sales. 3) Considering firm or firm/worker spell fixed effects and highlighting the role of downward wage rigidity. These approaches clarify conflicting findings in the literature and result, in our preferred specification, in a Lester range of pay dispersion of 56%, also shown to be robust to a number of competitive interpretations." @default.
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- W2010578757 date "2004-01-01" @default.
- W2010578757 modified "2023-10-14" @default.
- W2010578757 title "Rent Sharing Before and after the Wage Bill" @default.
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- W2010578757 doi "https://doi.org/10.2139/ssrn.614441" @default.
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