Rent-sharing, Holdup, and Wages: Evidence from Matched Panel Data
نویسندگان
چکیده
منابع مشابه
Rent-Sharing, Hold-up, and Wages: Evidence from Matched Panel Data
Rent-Sharing, Hold-up, and Wages: Evidence from Matched Panel Data It is widely believed that rent-sharing reduces the incentives for investment when long term contracts are infeasible because some of the returns to sunk capital are captured by workers. We propose a simple test for the degree of hold-up based on the fraction of capital costs that are deducted from the quasi-rent that determines...
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 2013
ISSN: 0034-6527,1467-937X
DOI: 10.1093/restud/rdt030