@article{ART002850355,
author={구경현 and 황운중},
title={Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages},
journal={시장경제연구},
issn={2092-6332},
year={2022},
volume={51},
number={2},
pages={53-76},
doi={https://doi.org/10.38162/JOME.51.2.3},
url={https://doi.org/10.38162/JOME.51.2.3}
}

TY - JOUR
AU - 구경현
AU - 황운중
TI - Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages
T2 - 시장경제연구
JO - 시장경제연구
PY - 2022
VL - 51
IS - 2
PB - 지암남덕우경제연구원
SP - 53
EP - 76
SN - 2092-6332
AB - This study investigates the wage differentials caused by the differences in bargaining power that reflect the hierarchical structure between buyers and suppliers of intermediate goods. It uses novel data that includes firm-level information on whether or not a firm is a subcontractor and whether prime contractors have requested unit-price reductions from subcontractors, and, if so, how these subcontractors respond to these contractors’ unfair requests. The main findings are that subcontractors’ wages are much lower than those of prime contractors, even when controlling for firm size and other characteristics. This is closely related to contractors with asymmetric bargaining power unfairly transferring costs to subcontractors. We also find that the negative impact of unfair unit-price reductions on subcontractors’ wages tends to be more pronounced when their sales in proportion to those of top-tier contractors are relatively large.
KW - bargaining power, wage differentials, subcontractors, unfair unit-cost reduction
DO - https://doi.org/10.38162/JOME.51.2.3
UR - https://doi.org/10.38162/JOME.51.2.3
ER -

구경현 and 황운중. 2022, "Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages", 시장경제연구, vol.51, no.2 pp.53-76. Available from: doi:https://doi.org/10.38162/JOME.51.2.3

구경현, 황운중 "Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages" 시장경제연구 51.2 pp.53-76 (2022) : 53.

구경현, 황운중. Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages. 2022; 51(2), 53-76. Available from: doi:https://doi.org/10.38162/JOME.51.2.3

구경현 and 황운중. "Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages" 시장경제연구 51, no.2 (2022) : 53-76.doi: https://doi.org/10.38162/JOME.51.2.3

구경현; 황운중. Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages. 시장경제연구, 51(2), 53-76. doi: https://doi.org/10.38162/JOME.51.2.3

구경현; 황운중. Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages. 시장경제연구. 2022; 51(2) 53-76. doi: https://doi.org/10.38162/JOME.51.2.3

구경현, 황운중. Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages. 2022; 51(2), 53-76. Available from: doi:https://doi.org/10.38162/JOME.51.2.3

구경현 and 황운중. "Contractors’ Asymmetric Bargaining Power and the Impact on Subcontractors’ Wages" 시장경제연구 51, no.2 (2022) : 53-76.doi: https://doi.org/10.38162/JOME.51.2.3