Full Citation

Title: The Decline In Rent Sharing

Citation Type: Journal Article

Publication Year: 2023

ISBN:

ISSN: 0734-306X

DOI: 10.1086/724570

NSFID:

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Abstract: The evolution of rent sharing is studied. Based upon a panel of the top 300 publicly quoted British companies over thirty-five years and using excess stock market returns to patenting activity as an instrument for economic rents, the paper reports evidence of a significant fall over time in the pass-through from rents to wages. It confirms that wages do respond to firm-level shocks to economic rents, but by significantly less after 2000 than they did during the 1980s and 1990s. The evidence of decline is a robust finding, corroborated with alternative instruments and industry-level analysis for the US and EU.

Url: https://www.journals.uchicago.edu/doi/10.1086/724570

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Authors: Bukowski, Pawel; Machin, Stephen; Bell, Brian

Periodical (Full): Journal of Labor Economics

Issue:

Volume:

Pages: 1-44

Data Collections: IPUMS CPS

Topics: Housing and Segregation

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