Innovation and Rent Sharing in Corporate Wage Setting in Hungary

Gabor Korosi

No 908, Budapest Working Papers on the Labour Market from Institute of Economics, Centre for Economic and Regional Studies

Abstract: Skill biased technical change arrived to Hungary with the transition to market economy. As Hungary integrated into the international economy, technical change progressed much faster in some sectors than in mature market economies. That lead to increasing skill premia, intensive rent sharing, and additional benefits for workers at innovative firms. This paper analyses wage setting at Hungarian firms after the micro-economic restructuring and stabilisation period, in the years 1998-2006, with a special regard to wage determination at innovative firms. Wage setting is characterised by intensive rent-sharing. Premium at innovative firms varies with the way of measuring it, and also changes with the sector and over time.

Keywords: innovation; rent sharing; corporate wage setting (search for similar items in EconPapers)
JEL-codes: C23 J31 L10 O30 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-ino, nep-lab and nep-tra
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