Publicação
Internal labor markets, wage convergence, and investment
| dc.contributor.author | Silva, Rui C. | |
| dc.contributor.institution | NOVA School of Business and Economics (NOVA SBE) | |
| dc.contributor.pbl | Cambridge University Press | |
| dc.date.accessioned | 2021-01-04T23:26:39Z | |
| dc.date.available | 2021-01-04T23:26:39Z | |
| dc.date.issued | 2021-06 | |
| dc.description.abstract | I document wage convergence in conglomerates using detailed plant-level data: workers in low-wage industries collect higher-than-industry wages when the diversified firm also operates in high-wage industries. I confirm this effect by exploiting the implementation of NAFTA and changes in minimum wages at the state-level as sources of exogenous increases in wages in some plants. I then track the evolution of wages of the remaining workers of the firm, relative to workers of unaffiliated plants. Plants where workers collect higher-than-industry wages operate with higher capital intensity, suggesting that internal labor markets may affect investment decisions in internal capital markets. | en |
| dc.description.version | preprint | |
| dc.description.version | published | |
| dc.format.extent | 510872 | |
| dc.identifier.doi | 10.1017/S0022109020000277 | |
| dc.identifier.issn | 0022-1090 | |
| dc.identifier.other | PURE: 26690682 | |
| dc.identifier.other | PURE UUID: 425ce69c-3abf-4571-966d-e3f7530338a9 | |
| dc.identifier.other | Scopus: 85085922800 | |
| dc.identifier.uri | http://hdl.handle.net/10362/109730 | |
| dc.identifier.url | https://www.scopus.com/pages/publications/85085922800 | |
| dc.language.iso | eng | |
| dc.peerreviewed | yes | |
| dc.subject | Accounting | |
| dc.subject | Finance | |
| dc.subject | Economics and Econometrics | |
| dc.title | Internal labor markets, wage convergence, and investment | en |
| dc.type | journal article | |
| degois.publication.firstPage | 1192 | |
| degois.publication.issue | 4 | |
| degois.publication.lastPage | 1227 | |
| degois.publication.title | Journal of Financial and Quantitative Analysis | |
| degois.publication.volume | 56 | |
| dspace.entity.type | Publication | |
| rcaap.rights | restrictedAccess |
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