Union rent appropriation and ex post analysis

Chiles, Ted W.; Stewart, James B.

doi:10.1007/bf02685688

Cited by 10 publications

(4 citation statements)

References 16 publications

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“…Neither the capital intensity nor the timber intensity variables are statistically significant. This result is surprising since previous studies, such as Chiles and Stewart (1993), found capital intensity to be not only a positive determinate of profits but also robust to different specifications. The model was also estimated including advertising, research and development intensity, and growth rate of firm sales.…”

Section: Resultscontrasting

confidence: 57%

Environmental Regulation and the Spatial Distribution of Capital and Resources

Chiles¹,

Clark²

1999

Review of Regional Studies

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This paper explores the impact of the Endangered Species Act on the profits of firms in the paper and pulp industries. In 1989, the federal courts enjoined timber-cutting ~on tracts in old-growth forest areas that might contain northern spotted owl. This action was perceived to decrease substantially the profits of firms with a high spatial concentration of mills in the Northwest. The empirical evidence does not support this hypothesis. These same firms are shown to benefit from the environmental regulation because the value of privately held timber increased in the Northwest.

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Section: Resultscontrasting

confidence: 57%

Environmental Regulation and the Spatial Distribution of Capital and Resources

Chiles¹,

Clark²

1999

Review of Regional Studies

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“…Because neither executive nor worker pay is pegged strictly to marginal product, the surplus is divided between worker and management. As unions enable workers to raise pay, working conditions, and other benefits, more surplus is redistributed to workers at the expense of management (Addison and Hirsch 1989;Chiles and Stewart 1993). Consistent with this notion of management-labor contest for firm surplus, Clark (1984) finds that profits are lower in unionized firms, and Abowd (1989) finds that union wealth increases dollar-to-dollar with the decline of shareholder wealth.…”

Section: Figurementioning

confidence: 92%

Power, Markets, and Top Income Shares

Huber¹,

Huo

Stephens³

2015

SSRN Journal

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The Kellogg Institute for International Studies at the University of Notre Dame has built an international reputation by bringing the best of interdisciplinary scholarly inquiry to bear on democratization, human development, and other research themes relevant to contemporary societies around the world.Together, more than 100 faculty and visiting fellows as well as both graduate and undergraduate students make up the Kellogg community of scholars. Founded in 1982, the Institute promotes research, provides students with exceptional educational opportunities, and builds linkages across campus and around the world. The Kellogg Working Paper Series:! Shares work-in-progress in a timely way before final publication in scholarly books and journals ABSTRACTThe rise of the super-rich has attracted much political and academic attention in recent years. However, to date there have been few attempts to explain the cross-national variation in the recent rise of very top incomes. Drawing on the World Top Incomes Database, we study the income share of the top 1% in almost all current postindustrial democracies from 1975 to 2012. We find that extreme income concentration at the very top is a predominantly political phenomenon, not the outcome of economic changes. Top income shares are largely unrelated to economic growth, increased knowledge-intensive production, export competitiveness, market size, financialization, and wealth accumulation. Instead, they are driven by various political and policy changes that reflect a decline in the relative power and resources of labor, such as union density and centralization, secular-right governments, and cuts in top marginal income tax rates as well as in public spending on education. RESUMENEn los últimos años, el ascenso de los super-ricos atrajo mucha atención política y académica. Sin embargo, hasta el momento se hicieron pocos intentos de explicar la variación internacional en el crecimiento reciente de los ingresos más altos. Tomando información de la Base Mundial de Datos sobre los Ingresos más Altos (World Top Incomes Database) estudiamos la porción del ingreso del 1% superior en casi todas las democracias postindustriales actuales desde 1975 hasta 2012. Encontramos que la extrema concentración del ingreso en la cúspide es un fenómeno predominantemente político y no resulta de cambios económicos. La participación de los ingresos superiores no está relacionada en ninguna medida significativa con el crecimiento económico, un aumento en la producción que hace un uso intensivo del conocimiento, la competitividad de las exportaciones, el tamaño de los mercados, el desarrollo del sector financiero o la acumulación de riqueza. En cambio, está guiada por varios cambios en la política y en las políticas que reflejan una declinación en el poder relativo y en los recursos de los trabajadores, tales como la densidad sindical y la centralización, los gobiernos seculares de derechas y las reducciones tanto en las tasas marginales superiores de impuestos sobre los ingresos como en el gasto púb...

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“…Landowners may appropriate economic rents derived from low-cost labor by limiting the available land for plants and charging high fees (Smiley, 1996). Alternatively, unionization may enable workers to demand higher wages, thus appropriating economic rents (Chiles & Stewart, 1993). The process has led some researchers to conclude that labor cost advantages based on low-cost labor in the current international business environment may last only five years (Bartlett & Ghoshal, 1995: 114).…”

Section: Expectations Regarding Location Costsmentioning

confidence: 99%

Can us locations compete with low‐cost Mexican labor? a location cost analysis of North Carolina and the Yucatan in the sewn bag and case industry

Sanford¹,

Fink

1997

The Int. Exec.

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Several international investment theories hold that production costs in developing countries should be lower than in developed countries for facilities that utilize globally standardized production technology and semi‐skilled labor. This analysis tests this expectation by estimating the relative production costs in a North Carolina site and a Yucatan site of a sewn bag and case manufacturer. Interestingly, no overall location cost advantage is found for the Yucatan site. 1997 John Wiley & Sons, Inc.

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Union rent appropriation and ex post analysis

Cited by 10 publications

References 16 publications

Environmental Regulation and the Spatial Distribution of Capital and Resources

Environmental Regulation and the Spatial Distribution of Capital and Resources

Power, Markets, and Top Income Shares

Can us locations compete with low‐cost Mexican labor? a location cost analysis of North Carolina and the Yucatan in the sewn bag and case industry

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