The Review of Economics and Statistics Vol. 70 No. 3 1988
Concentration, Unionism, and Labor Earnings: A Sample Selection Approach
Abstract
Using a simultaneous equations model of wages and union membership, the elasticity of the wage with respect to market concentration is estimated to be approximately 0.2. The estimate uses a large data set and extensive controls to measure concentration's direct effect on the wage, an indirect effect through unionization, and a feedback effect. The indirect effect represents the majority of concentration's effect.
- DOI
- 10.2307/1926776
- Volume
- 70
- Issue
- 3
- Pages
- 391
- Sources
- crossref openalex