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Employment Determination in British Industry: Investigations Using Micro-data.

Abstract:

This paper derives, and then estimates, a model of employment where unions and firms bargain over wages and possibly employment, and efficiency wage considerations may be important. It illustrates the difficulties associated in interpreting many existing attempts to discriminate between alternative models. The results (based on over 200 U.K. firms) suggest that employment is negatively related to the firm's own wage and the change in the own wage relative to outside opportunities. The latter ...

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Journal:
Review of Economic Studies More from this journal
Volume:
58
Publication date:
1991-01-01
ISSN:
0034-6527
Language:
English
UUID:
uuid:d61cc9b5-7db7-4720-a65e-8d4aad2aff30
Local pid:
oai:economics.ouls.ox.ac.uk:11405
Deposit date:
2011-08-16

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