Organised labour, labour market imperfections, and employer wage premia / Sabien Dobbelaere, Boris Hirsch, Steffen Müller, Georg Neuschäffer ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
Anzeigen / Download1.02 MB
Discovery
1870108418
URN
urn:nbn:de:gbv:3:2-999382
DOI
ISBN
ISSN
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2023?]
Umfang
1 Online-Ressource (III, 48 Seiten, 1,01 MB)
Ausgabevermerk
This version: 13.11.2023
Sprache
eng
Anmerkungen
Literaturverzeichnis: Seite 44-48
Inhaltliche Zusammenfassung
This paper examines how collective bargaining through unions and workplace co-determination through works councils relate to labour market imperfections and how labour market imperfections relate to employer wage premia. Based on representative German plant data for the years 1999-2016, we document that 70% of employers pay wages below the marginal revenue product of labour and 30% pay wages above. We further find that the prevalence of wage mark-downs is significantly smaller when organised labour is present and that the ratio of wages to the marginal revenue product of labour is significantly bigger. Finally, we document a close link between labour market imperfections and mean employer wage premia, that is wage differences between employers corrected for worker sorting.
Schriftenreihe
IWH-Diskussionspapiere ; 2022, no. 20 (September 2022) [rev.] ppn:837399270