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Overlapping ownership and wage inequality
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DOI：10.1007/s10888-026-09738-4.png)
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Abstract
En 中文
This paper incorporates the oligopolistic product market into the Harris-Todaro general equilibrium model and investigates the impact of overlapping ownership arrangements on skilled-unskilled wage inequality. We find that, in a small open economy with full employment, overlapping ownership narrows down skilled-unskilled wage inequality; however, when the sector-biased minimum wage is implemented for unskilled labor, the impact of overlapping ownership on skilled-unskilled wage inequality is conditional. If the substitution elasticity between unskilled labor and land in the rural sector is small enough, overlapping ownership widens skilled-unskilled wage inequality; and in other cases, it narrows down skilled-unskilled wage inequality.
Keywords:
Overlapping ownership
Market power
Skilled-unskilled wage inequality
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