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dc.contributor.authorCahuc, Pierreen
dc.contributor.authorGianella, Christianen
dc.contributor.authorGoux, Dominiqueen
dc.contributor.authorZylberberg, Andréen
dc.date.accessioned2009-01-28T16:21:34Z-
dc.date.available2009-01-28T16:21:34Z-
dc.date.issued2002-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x582en
dc.subject.jelJ51en
dc.subject.jelJ33en
dc.subject.ddc330en
dc.subject.keywordcollective bargainingen
dc.subject.keywordequalizing wage differencesen
dc.subject.stwLohnstrukturen
dc.subject.stwLohnverhandlungstheorieen
dc.subject.stwFirmentarifvertragen
dc.subject.stwSchätzungen
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwFrankreichen
dc.titleEqualizing Wage Differences and Bargaining Power: Evidence from a Panel of French Firms-
dc.typeWorking Paperen
dc.identifier.ppn846028867en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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