This article jointly estimates price-cost mark-ups and union bargaining power of manufacturing firms in France, Belgium and Chile. Our GMM results provide strong evidence of price-cost mark-ups being underestimated when labour market imperfections are ignored, corresponding to the omission of the part of product rents captured by the workers.
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Kaunas Univ Technol, Bank Lithuania, Totoriu g 4, LT-01121 Vilnius, LithuaniaKaunas Univ Technol, Bank Lithuania, Totoriu g 4, LT-01121 Vilnius, Lithuania
Ding, Ziran
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Garcia-Louzao, Jose
Jouvanceau, Valentin
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Bank Lithuania, Vilnius, LithuaniaKaunas Univ Technol, Bank Lithuania, Totoriu g 4, LT-01121 Vilnius, Lithuania
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Univ Trento, Sch Int Studies, Via Tommaso Gar 14, I-38122 Trento, Italy
Univ Trento, Dept Econ & Management, Via Tommaso Gar 14, I-38122 Trento, ItalyUniv Trento, Sch Int Studies, Via Tommaso Gar 14, I-38122 Trento, Italy
Caselli, Mauro
Nesta, Lionel
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Univ Cote dAzur, OFCE SciencesPo, GREDEG, CNRS, 250 Rue Albert Einstein CS 10269, F-06905 Sophia Antipolis, France
SKEMA Business Sch, 250 Rue Albert Einstein CS 10269, F-06905 Sophia Antipolis, FranceUniv Trento, Sch Int Studies, Via Tommaso Gar 14, I-38122 Trento, Italy
Nesta, Lionel
Schiavo, Stefano
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Univ Trento, Sch Int Studies, Via Tommaso Gar 14, F-38122 Trento, France
Univ Trento, Dept Econ & Management, Via Tommaso Gar 14, F-38122 Trento, France
OFCE SciencesPo, Paris, FranceUniv Trento, Sch Int Studies, Via Tommaso Gar 14, I-38122 Trento, Italy
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Univ Diego Portales, Ctr Estudios Publicos, Huechuraba, Chile
IZA Inst Labor Econ, Huechuraba, ChileUniv Diego Portales, Ctr Estudios Publicos, Huechuraba, Chile
Sanchez, Rafael
Finot, Javier
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Minist Finance Chile, Santiago, ChileUniv Diego Portales, Ctr Estudios Publicos, Huechuraba, Chile
Finot, Javier
Villena, Mauricio G.
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Univ Diego Portales, Fac Econ & Empresa, Santiago, ChileUniv Diego Portales, Ctr Estudios Publicos, Huechuraba, Chile