Pay Inequality Export

@article{moene1997, abstract = {We investigate the effects of wage compression through centralized collective bargaining when growth depends on the continual reallocation of labor from older, less productive plants to new, more productive plants. We first study the compression of wage differentials that derive from decentralized bargaining in heterogeneous plants. We then consider wage compression when wage differentials arise from competition among employers over workers of differing quality. We show that wage compression through centralized bargaining can result in higher profits and greater entry of new plants than either decentralized bargaining or a competitive labor market.}, author = {Moene, Karl O. and Wallerstein, Michael}, citeulike-article-id = {1719739}, citeulike-linkout-0 = {http://www.jstor.org/stable/2535368}, journal = {Journal of Labor Economics}, keywords = {political\_economics, unions}, number = {3}, pages = {403--430}, posted-at = {2007-10-02 15:27:44}, priority = {0}, title = {Pay Inequality}, url = {http://www.jstor.org/stable/2535368}, volume = {15}, year = {1997} }

TY - JOUR ID - moene1997 L3 - citeulike-article-id:1719739 N2 - We investigate the effects of wage compression through centralized collective bargaining when growth depends on the continual reallocation of labor from older, less productive plants to new, more productive plants. We first study the compression of wage differentials that derive from decentralized bargaining in heterogeneous plants. We then consider wage compression when wage differentials arise from competition among employers over workers of differing quality. We show that wage compression through centralized bargaining can result in higher profits and greater entry of new plants than either decentralized bargaining or a competitive labor market. IS - 3 JF - Journal of Labor Economics EP - 430 TI - Pay Inequality VL - 15 SP - 403 KW - political_economics KW - unions AU - Moene, Karl AU - Wallerstein, Michael PY - 1997/// UR - http://www.jstor.org/stable/2535368 ER -