WAGES AND CORPORATE DOMINANCE

William R. D. DiPietro
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William R. D. DiPietro: Daemen College, Amherst, New York, USA

No 2015-01, Ekonomika, Journal for Economic Theory and Practice and Social Issues from „Ekonomika“ Society of Economists, Niš (Serbia)

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: wages; corporate dominance; regression analysis (search for similar items in EconPapers)
JEL-codes: J31 L1 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2015-03
New Economics Papers: this item is included in nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:esb:petprv:2015-102

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