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Income Distribution, Efficient Bargaining and Market Structure

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>10/1992
<mark>Journal</mark>Economics Letters
Issue number2
Volume40
Number of pages5
Pages (from-to)181-185
Publication statusPublished
Original languageEnglish

Abstract

We present an efficient bargaining model in which wage share is negatively associated with product market structure and varies positively with union bargaining strength. The model is tested using data from a panel of U.K. manufacturing industries. Instrumental variables estimates corroborate a positive (negative) union bargaining strength (concentration) effect on labour's income share.