Do workers share in firm success? Pass-through estimates for New Zealand
نویسندگان
چکیده
We study the extent to which firm financial performance is passed on workers in form of higher wages and degree this pass-through has changed over period 2002- 2018. use both value added per worker a measure quasi-rents as measures performance. Value standard used internationally. Quasi-rents better approximate resources available be shared between firms it takes into account rental cost capital well reservation workers. estimate wage bill for each using estimates from two-way fixed-effect model. models similar those typically international literature further decompose estimated contribution sorting rent-sharing. Our instrumental variables are range 0.12 0.19 0.11 0.07 quasi-rents. Worker explains 35% 50% pass-through. While overall relatively stable time, declines dramatically explain almost none contribute by demonstrating method calculate quasi-rents, testing changes time pass-through, examining relative importance time.
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ژورنال
عنوان ژورنال: Motu working paper
سال: 2021
ISSN: ['1176-2667', '1177-9047']
DOI: https://doi.org/10.29310/wp.2021.15