Does market structure affect labour productivity and wages? Evidence from a smooth coefficient semiparametric panel model
Michael Polemis () and
Thanasis Stengos ()
Economics Letters, 2015, vol. 137, issue C, 182-186
This paper investigates the impact of market structure on labour productivity and wages using a panel data set of US manufacturing industries over the period 1958–2007. To account for nonlinear effects, we employ a smooth coefficient semiparametric model (SCSM). We find evidence in support of a nonlinear relationship between market concentration and labour productivity and wages. Lastly, our empirical findings shed new light on the competition–labour productivity nexus.
Keywords: Market structure; Smooth coefficient semiparametric model; Manufacturing sector; Labour productivity; Wages (search for similar items in EconPapers)
JEL-codes: C14 L6 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:137:y:2015:i:c:p:182-186
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