Optimal Wage Formation and Rent Extraction: Evidence from Five European Countries

Natasha Miaouli

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: This paper analyses the optimal behaviour of a trade union trying to extract capital rents. It shows that wages can increase or decrease with accumulated investment depending on technology and outside income opportunities.

Keywords: TRADE UNIONS; WAGES; CAPITAL (search for similar items in EconPapers)
JEL-codes: E25 J5 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fth:athebu:129

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