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Record W3125850567

Concentrated Ownership and Labour Relations

2006· preprint· en· W3125850567 on OpenAlexaboutno aff
Holger M. Mueller, Thomas Philippon

Bibliographic record

VenueRePEc: Research Papers in Economics · 2006
Typepreprint
Languageen
FieldSocial Sciences
TopicLabor Movements and Unions
Canadian institutionsnot available
Fundersnot available
KeywordsIndustrial relationsPremiseShareholderQuality (philosophy)PoliticsSurvey data collectionDemographic economicsPolitical scienceEconomicsLabour economicsPolitical economyCorporate governanceLawFinance
DOInot available

Abstract

fetched live from OpenAlex

Political struggles between the emerging European liberal states and the Catholic church in the 18th and 19th centuries provoked the formation of highly oppositional labour movements, resulting in Catholic countries having conflictual labour relations until the present. Based on the premise that differences in the quality of labor relations across countries are, at least partly, the outcome of historical and cultural developments, we examine whether these differences have implications for the prevalence of family ownership. Controlling for differences in minority shareholder protection, we find that countries with hostile labour relations have significantly more concentrated ownership than countries with cooperative labour relations. This relationship is strikingly robust and holds even when we instrument our survey measure of the quality of labour relations using either the fraction of Catholics or Protestants 1900. It also holds when we replace our survey measure of the quality of labour relations with actual strike data from the 1960s. As it turns out, differences in strike activity in the 1960s across Western countries can predict differences in ownership concentration thirty years later. Finally, the relationship also holds for Canadian time-series data, for which we document a markedly strong correlation between strike activity and changes in ownership concentration during the second half of the 20th century.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.005
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.011
Threshold uncertainty score0.036

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.005
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0010.002
Scholarly communication0.0020.001
Open science0.0000.002
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0110.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.039
GPT teacher head0.339
Teacher spread0.300 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2006
Admission routes1
Has abstractyes

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