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Interindustry Wage Structure and the Power of Incumbent Workers

  • Assar Lindbeck
  • Dennis Snower
Part of the International Economic Association Series book series (IEA)

Abstract

The apparent stability of the interindustry wage structure across occupations, age groups, durations of job tenure and countries has received renewed interest among economists. Industries which pay comparatively high wages to blue-collar workers also tend to pay comparatively high wages to their white-collar workers. The same tends to be true for a variety of occupational groups (see, for example, Dickens and Katz, 1986a). This regularity is also apparent for young and old workers and for workers with long and short job tenure (Krueger and Summers, 1986, 1988). Such evidence suggests that wage differences among industries cannot be fully explained by differences in human capital or in seniority.

Keywords

Market Power High Wage Union Density Economic Rent Wage Determination 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1990

Authors and Affiliations

  • Assar Lindbeck
  • Dennis Snower

There are no affiliations available

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