Rent-sharing in Portuguese Banking
Natália Monteiro and
Miguel Portela (miguel.portela@eeg.uminho.pt)
No 18/2007, NIPE Working Papers from NIPE - Universidade do Minho
Abstract:
Using the fixed e¤ects estimator and the dynamic panel data system-GMM estimator, on a sample of 75 banks, covering the period 1988-2005, this paper estimates how wages in the Portuguese banking sector depend on the employers ability to pay. The results indicate that wages are strongly positively correlated with pro?ts even after controlling for ?rm and workforce characteristics. The Lester?s range of wages due to rent-sharing is 46% - 75% of the mean wage in the Portuguese banking sector.
Keywords: rent-sharing; Portuguese banking industry; dynamic panel data. (search for similar items in EconPapers)
JEL-codes: J31 J45 L33 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-ban and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www3.eeg.uminho.pt/economia/nipe/docs/2007/NIPE_WP_18_2007.PDF (application/pdf)
Related works:
Journal Article: RENT SHARING IN PORTUGUESE BANKING (2011) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:nip:nipewp:18/2007
Ordering information: This working paper can be ordered from
nipe@eeg.uminho.pt
Access Statistics for this paper
More papers in NIPE Working Papers from NIPE - Universidade do Minho Núcleo de Investigação em Políticas Económicas e Empresariais, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal. Contact information at EDIRC.
Bibliographic data for series maintained by NIPE (nipe@eeg.uminho.pt).