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Fewer jobs or smaller paychecks? : aggregate crisis impacts in selected middle-income countries
Khanna, Gaurav; Newhouse, David Locke; Paci, Pierella - 2011
This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...
Persistent link: https://www.econbiz.de/10009408899
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How disasters affect local labor markets : the effects of hurricanes in Florida
Belasen, Ariel R. (contributor);  … - 2007
Exogenous shocks often impact a local labor market more than at the national level. This study improves upon the standard Difference in Difference (DD) approach by examining exogenous shocks using a Generalized Difference in Difference (GDD) econometric approach that identifies the effects of...
Persistent link: https://www.econbiz.de/10003635285
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Simultaneous search and network efficiency
Gautier, Pieter; Holzner, Christian - 2011
When workers send applications to vacancies they create a network. Frictions arise because workers typically do not know where other workers apply to and firms do not know which candidates other firms consider. The first coordination friction affects network formation, while the second...
Persistent link: https://www.econbiz.de/10009310818
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Rising wages : has China lost its global labor advantage?
Yang, Dennis Tao; Chen, Vivian; Monarch, Ryan - 2010
We document dramatic rising wages in China for the period 1978-2007 based on multiple sources of aggregate statistics. Although real wages increased seven-fold during the period, growth was uneven across ownership types, industries and regions. Since the late 1990s, the wages of state-owned...
Persistent link: https://www.econbiz.de/10003976837
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Wage flexibility and the Great Recession : the response of the Irish labour market
Doris, Aedín; O'Neill, Donal; Sweetman, Olive B. - 2013
There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity have been hampered by small samples and measurement...
Persistent link: https://www.econbiz.de/10010223423
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Not so lucky any more : CEO compensation in financially distressed firms
Kang, Qiang (contributor); Mitnik, Oscar A. (contributor) - 2008
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10003779098
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Contract violations, neighborhood effects, and wage arrears in Russia
Earle, John S. (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002120369
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Wages and the risk of displacement
Carneiro, Anabela (contributor); Portugal, Pedro (contributor) - 2006
In this paper a simultaneous-equations model of firm closing and wage determination is developed in order to analyse how wages adjust to unfavorable shocks that raise the risk of displacement through firm closing, and to what extent a wage change affects the exit likelihood. Using a longitudinal...
Persistent link: https://www.econbiz.de/10003278902
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Count your hours : returns to education in Poland
Myck, Michał; Nicinska, Anna; Morawski, Leszek - 2009
measure of wages used and the estimation approach applied. Combining information from two different Polish surveys from 2005 … comprehensive analysis of the effects of using different methods and the issue of selection-correction in the estimation of the wage … estimation performs relatively well for men in comparison to our preferred selection corrected estimation, while using family …
Persistent link: https://www.econbiz.de/10003879366
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Industry wage differentials, unobserved ability, and rent-sharing : evidence from matched worker-firm data, 1995 - 2002
Plasman, Robert (contributor); Rycx, François (contributor) - 2006
This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering the period 1995-2002. Findings show the existence of large and persistent wage differentials among workers with the same observed...
Persistent link: https://www.econbiz.de/10003481973