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Insider Power in Wage Determination

The paper argues that wage determination is best seen as a kind of rent-sharing in which workers' bargaining power is influenced by conditions in the external labour market. It uses British establishment data from 1984 to show that pay depends upon a blend of insider pressure (including the... Full description

1st Person: Blanchflower, David G.
Additional Persons: Oswald, Andrew J.; Garrett, Mario D.
Source: in Economica Vol. 57, No. 226 (1990), p. 143-170
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Type of Publication: Article
Language: English
Published: 1990
Online: Volltext
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