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dc.contributor.authorGuadalupe, Mariaen_US
dc.date.accessioned2009-01-28T16:21:27Z-
dc.date.available2009-01-28T16:21:27Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/21332-
dc.description.abstractThis paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity of profits to cost reductions. I then show empirically that relative wages increase with competition using a large panel of United Kingdom workers with complete work histories. I identify the impact of competition on returns to skill in the panel, using two exogenous measures of competition provided by two quasi-natural experiments. Quantile regressions indicate that increased competition also raised returns to unobserved ability.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1556en_US
dc.subject.jelD21en_US
dc.subject.jelL22en_US
dc.subject.jelJ33en_US
dc.subject.jelJ31en_US
dc.subject.ddc330en_US
dc.subject.keywordwage structureen_US
dc.subject.keywordreturns to skillen_US
dc.subject.keywordproduct market competitionen_US
dc.titleProduct Market Competition, Returns to Skill and Wage Inequalityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn483558907en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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