WAGES AND CORPORATE DOMINANCE

William R. DiPietro

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2015, vol. 61, issue 01, 8

Abstract: As wages are the primary means of income for the majority of people in every country in the world, understanding the reasons for differences in wages is important for human welfare. One potential source of differences in wages between countries is differences in the degree of corporate dominance. This paper proposes that average country wages are negatively related to the extent of corporate dominance. The proposition is tested using cross country regression analysis. The results show that greater corporate dominance reduces average national wages when adjusting for the level of economic development and other relevant variables.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:200268

DOI: 10.22004/ag.econ.200268

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