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Rent-Sharing in the Labor Market

Andrew Oswald

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: Is the labor market well-approximated by a competitive model or is wage determination instead a kind of non-competitive rent-sharing? This unsettles question lies at the heart of labor economics and macroeconomics. The paper argues that new research -- drawing upon data of a kind not available to previous generations of researchers -- appears to provide persuasive evidence for the existence of rent-sharing in the labor market.

Date: 1996
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https://warwick.ac.uk/fac/soc/economics/research/w ... 5-1998/twerp_474.pdf

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Working Paper: RENT-SHARING IN THE LABOUR MARKET (1996) Downloads
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