| Título: | Ownership, Agency and Wages: An Examination of the Fast Food Industry |
| Autores: | Krueger, Alan B. |
| Fecha: |
2011-10-26 2011-10-26 1987-09-01 |
| Publicador: | Universidad de Princenton |
| Fuente: |
 |
| Tipo: | Working Paper |
| Tema: |
agency efficiency wages fast food wage differentials |
| Descripción: | This paper examines the determinants of wages and fringe benefits in the fast food industry- The focus of the paper is on exploring differences between company-owned and franchised restaurants because agency problems are likely to affect the management and operation of company-owned restaurants- Empirical analysis of two data sets finds that total labor compensation for non-management employees is slightly greater at company-owned outlets than franchisee-owned outlets, all else held constant. Furthermore, workers’ wages grow more rapidly over time at company-owned restaurants than franchisee-owned restaurants- In addition, the results suggest that wage differentials for race, sex and marital status are small in the fast food industry relative to other industries. |
| Idioma: | No aplica |
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