Merger activity and wage levels in U.S. manufacturing

Article Abstract:

This study uses micro data from the 1981 March Current Population Survey and incorporates industry merger information from the 1979 FTC Large Mergers and Acquisitions Series to examine the relationship between merger activities and wage levels in U.S. manufacturing. These data sources provide the opportunity to control the wage effects of workers' differing personal qualities and to allow the investigation of wage levels in five merger categories. The findings suggest that in 1980, employees that work in industries composed of firms formed by horizontal, vertical, and product extension mergers received significantly higher wages than other workers. These results indicate that workers should benefit financially from the recent increase in the number of mergers, other than pure conglomerates. (Reprinted by permission of the publisher.)

Acquisitions and mergers, Statistics, Current Population Survey

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Do unions always decrease wage dispersion? The case of Brazilian manufacturing

Article Abstract:

The literature on the impact of unions on wages has established that unionized workers earn a wage premium when compared to their nonunion counterparts and that the dispersion of wages within the union sector is lower than in the nonunion sector. I examine the validity of these findings in the context of a developing country labor market and show that unionism does create a positive wage differential but that wage dispersion is greater in the union sector. These findings are explained by the greater variance in the characteristics of unionized workers, the vulnerability of nonunion workers to market conditions, and the structure of wage bargaining. (Reprinted by permission of the publisher.)

All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Manufacturing Industries NEC, Economic aspects, Labor relations, Brazil, Labor unions

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Minimum-wage increases and employment in franchised fast-food restaurants

Article Abstract:

Card and Krueger's (1994) result that employment is unaffected by an increase in the minimum wage in the franchised fast-food restaurant industry appears to be inconsistent with conventional economic analysis. I take a closer look at the franchised fast-food industry and argue that the presence of brand-name capital does not allow franchisees to substitute away from labor or decrease the level of services provided to customers - employment levels in franchised fast-food restaurants are closely tied to sales. (Reprinted by permission of the publisher.)

Eating places, Food Services and Drinking Places, Fast Food Restaurants, Limited-Service Restaurants, Restaurant Franchising, Employment, Restaurants, Restaurant franchises, Franchises

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