Working Paper Series, FIEF - Trade Union Institute for Economic Research
Mahmood Arai and Fredrik Heyman
Wages, Profits and Individual Unemployment Risk : Evidence from Matched Worker-Firm Data
Abstract: We present new evidence on the extent of rent sharing
based on a large panel of matched worker-firm data for Sweden. Controlling
for worker and firm heterogeneity, as well as examining the problem of
endogeneity of profits, we report evidence implying the existence of rent
sharing. Another result is that unemployment risk, aggregated at the firm
and various industry levels, has a negative effect on individual workers'
wages after controlling for individual differences in unemployment risk.
Keywords: Wages; Profits; Rent-Sharing; Wage-curve; (follow links to similar papers)
JEL-Codes: D31; J31; (follow links to similar papers)
27 pages, December 13, 2001
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