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Labour Share, Market Structure and Trade Unionism

Conyon, Martin (1995) Labour Share, Market Structure and Trade Unionism. International Journal of Industrial Organization, 12 (1). pp. 117-131.

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Abstract

Using British manufacturing data this paper tests Kalecki's degree of monopoly theory of the determination of factor incomes. The paper demonstrates how both product marketstructure, captured by the live firm concentration ratio, and tradeunionism, measured by collective bargaining agreements, shape production worker wage share. We report estimates in which it emerges that there is an important role for seller concentration in influencing wage share, but the estimated trade union coverage results are less robust. Our tests reveal that once idiosyncratic industry effects and accounted for the union effect on wage share disappears.

Item Type: Article
Journal or Publication Title: International Journal of Industrial Organization
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Departments: Lancaster University Management School > Accounting & Finance
ID Code: 54027
Deposited By: ep_importer_pure
Deposited On: 26 Jun 2012 15:14
Refereed?: Yes
Published?: Published
Last Modified: 09 Apr 2014 23:25
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/54027

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