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https://hdl.handle.net/10419/21332
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Guadalupe, Maria | en |
dc.date.accessioned | 2009-01-28T16:21:27Z | - |
dc.date.available | 2009-01-28T16:21:27Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21332 | - |
dc.description.abstract | This paper shows that increasing product market competition can have a direct impact on theemployment relationship and on wage inequality. I develop a simple model in which anincrease in product market competition increases returns to skill through the effect ofcompetition on the sensitivity of profits to cost reductions. I then show empirically that relativewages increase with competition using a large panel of United Kingdom workers withcomplete 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 unobservedability. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1556 | en |
dc.subject.jel | D21 | en |
dc.subject.jel | L22 | en |
dc.subject.jel | J33 | en |
dc.subject.jel | J31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | wage structure | en |
dc.subject.keyword | returns to skill | en |
dc.subject.keyword | product market competition | en |
dc.title | Product Market Competition, Returns to Skill and Wage Inequality | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 483558907 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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