Dalton, James A.; Ford, Jr., E.J.
April 1978
Industrial & Labor Relations Review;Apr78, Vol. 31 Issue 3, p379
Academic Journal
This study analyzes the determinants of earnings of professionals employed by manufacturing firms, with particular focus on the effect of oligopolistic market power. Using data from the 1970 census Public Use Sample, the authors find that salaries of young professionals (age 22 to 40) are significantly higher in concentrated than competitive industries, even when adjustments are made for possible differences in employee quality. Among older professionals, however, concentration is not a significant determinant of earnings nor are several other factors that influence the earnings of young professionals. The authors compare these results to those of their study, in the October 1977 Review, of the earnings of consupervisory employees in concentrated industries.


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