Social Sciences
4 years ago

Industry coalitions shape profits: wages impact economy's equilibrium.

RePEc: Research Papers in Economics
The wage-wage-...-wage-profit relation in a multisector bargaining economy
A. J. Julius

Paper Summary

Related papers

Economics, Econometrics and Finance
8 years ago

German sectoral wage bargaining leads to local wage disparities, study finds.

Labor Dynamics
Public Finance
Monetary Models
Theme background image
Social Sciences
4 years ago

Higher wages in capital-intensive sectors due to equalized profit rates.

Political Economy
Macroeconomic Trends
Financialization
1 view
Economics, Econometrics and Finance
4 years ago

Rigid Wages Trap Workers, Stifle Economic Recovery Across Europe

Labor Dynamics
Labor Relations
Firm Dynamics
2 views

The study looked at how wages and profits are related in a multi-sector economy where different industries negotiate wages. They found that when profit rates are equalized across industries, the wages in each industry can vary, affecting the overall profit rate. Changes in how wages are distributed depend on alliances between workers and business owners in specific industries. If new technology increases profits for businesses, it can actually lower the overall profit rate in the economy.