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Author: J Vainiomaki

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CEP discussion paper
Wages, Unions, Insiders and Product Market Power

This paper analyses time series data on some 800 British manufacturing companies to address various questions concerning the role of insiders and market power in wage determination. The following are the important result...Read more...

Stephen Nickell, J Vainiomaki and Sushil B. Wadhwani

May 1992

CEP discussion paper
The Effects of Changes in a Firm's Product Market Power on Wages

Using firm-level panel data, this paper argues that increases in a firm's market share or a rise in the industry concentration ratio both serve to increase wages. On these estimates, actual changes in the 'product mark...Read more...

J Vainiomaki and Sushil B. Wadhwani

February 1991