Rent-sharing in Portuguese Banking

Natália Monteiro and Miguel Portela ()

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
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: RENT SHARING IN PORTUGUESE BANKING (2011)
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