Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21346
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dc.contributor.authorCahuc, Pierreen_US
dc.contributor.authorGianella, Christianen_US
dc.contributor.authorGoux, Dominiqueen_US
dc.contributor.authorZylberberg, Andréen_US
dc.date.accessioned2009-01-28T16:21:34Z-
dc.date.available2009-01-28T16:21:34Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/21346-
dc.description.abstractIn this paper, we develop a dynamic model of firm-level bargaining, along the lines of Manning (1993). In this context, we provide a firm level wage equation that explicitly accounts for firm heterogeneity. This wage equation explains inter-firm wage differentials by differences in labour productivity and job turnover. More precisely, our model predicts that the higher the rate of job destruction within one firm, the higher the compensation of workers. Weestimate our wage equation using matched employer-employee panel data in themanufacturing sector, where firms are tracked for five years, between 1988 and 1992. The empirical estimates, using GMM techniques, are fully consistent with our theoretical prediction of equalizing differences: workers who take into account their intertemporal discounted income will support lower wages when they benefit from lower unemployment risks within their firm. In our model, wages are set to maximize a Nash bargain criterion, and according to the estimators used or the industry we consider, we show that workers have anaverage bargaining power between 0.15 and 0.25, measured on a scale going from 0 to 1.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x582en_US
dc.subject.jelJ51en_US
dc.subject.jelJ33en_US
dc.subject.ddc330en_US
dc.subject.keywordcollective bargainingen_US
dc.subject.keywordequalizing wage differencesen_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwLohnverhandlungstheorieen_US
dc.subject.stwFirmentarifvertragen_US
dc.subject.stwSchätzungen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwFrankreichen_US
dc.titleEqualizing Wage Differences and Bargaining Power: Evidence from a Panel of French Firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn846028867en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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