Economics at your fingertips  

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

Abstract: 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)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-10-15
Handle: RePEc:eee:ecolet:v:137:y:2015:i:c:p:182-186