Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries
DEOS Working Papers from Athens University of Economics and Business
This paper analyses the optimal behaviour of a trade union trying to extract capital rents. It shows that wages can increase or decrease with accumulated investment depending on technology and outside income opportunities.
Keywords: TRADE UNIONS; WAGES; CAPITAL (search for similar items in EconPapers)
JEL-codes: J5 E25 (search for similar items in EconPapers)
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Working Paper: Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries (2001)
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Persistent link: http://EconPapers.repec.org/RePEc:aue:wpaper:129
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