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Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries

Natasha Miaouli

DEOS Working Papers from Athens University of Economics and Business

Abstract: 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)
Date: 2001
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Working Paper: Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries (2001)
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