Title: Evidence of efficiency wage payments in uk firm level panel-data
Authors: Konings, Joep ×
Walsh, Pp #
Issue Date: May-1994
Publisher: Blackwell publ ltd
Series Title: Economic journal vol:104 issue:424 pages:542-555
Abstract: We explicitly model the vertical spillovers that result from imperfections in both labour and product markets. We model the vertical spillovers from wage determination in an upstream labour market to market share performance in a downstream product market and vice versa. Rent sharing due to efficiency wages is shown to create a unique downstream vertical spillover while rent sharing due to wage bargaining creates a two-way vertical spillover. Using U.K. firm level panel data, we show that downstream spillovers due to efficiency wage payments and union activity exist, and constitute general direct evidence of efficiency wage payments in U.K. companies.
ISSN: 0013-0133
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of Monetary and Information Economics, Leuven
× corresponding author
# (joint) last author

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