Employment Determination in British Industry: Investigations Using Micro-Data

Stephen Nickell and Sushil Wadhwani

No 320, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper derives and then estimates a model of employment where unions and firms bargain over wages and possibly employment, and efficiency wage considerations may be important. It illustrates the difficulties involved in interpreting many existing attempts to discriminate between alternative models. The results (based on over 200 UK firms) suggest that employment is negatively related to the firm's own wage, and some results point to a positive relationship with the alternative wage, such that the implied aggregate employment schedule may even be "perversely" sloped. Various financial factors are also seen to have a significant effect on employment.

Keywords: Collective Bargaining; Efficiency Wages; Employment; Unions (search for similar items in EconPapers)
Date: 1989-06
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=320 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Employment Determination in British Industry: Investigations Using Micro-Data (1991)
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: https://EconPapers.repec.org/RePEc:cpr:ceprdp:320

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=320

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().