Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20983 
Year of Publication: 
2000
Series/Report no.: 
IZA Discussion Papers No. 143
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Using a firm level dataset from four regions of Russia covering 1996/97, an investigation was carried out into how the surplus created within the firm is divided between profits and wages. An efficient bargaining framework based on the work of Svejnar (1986) is employed which takes into account the alternative wage or outside option available to employees in the firm as well as the value added per employee. Statistical differences in the share of the surplus taken by employees employed in state, private and mixed forms of firms are found. In addition, the results prove sensitive to the presence of outliers and influential observations. A variety of diagnostic methods are employed to identify these influential observations and robust methods are employed to lessen the influence of them. Whereas in practice some of the diagnostic and robust methods utilised proved incapable of identifying or accommodating the gross outlier(s) in the data, the more successful methods included robust regression, Winsorising, the Hadi and Siminoff algorithm, Cook?s Distance and Covratio.
Subjects: 
Russian labour markets
efficient bargaining
outliers
regression diagnostics
robust regression
JEL: 
C21
J30
Document Type: 
Working Paper

Files in This Item:
File
Size
322 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.