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elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption … between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10010366933
The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as that for equivalent wage decreases. However, evidence from the behavioral-economics literature suggests that people are loss averse and thus perceive losses differently than...
Persistent link: https://www.econbiz.de/10011418892
This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global...
Persistent link: https://www.econbiz.de/10011245618
wages in start‐ups unambiguously predicts the existence and the direction of wage differentials between spin‐offs and non … higher wages to employees with linkages to the university sector – either as university graduates or as student workers. …
Persistent link: https://www.econbiz.de/10010532473
Graduates from Science, Technology, Engineering, and Mathematics (STEM) are usually found to have higher wages and a … overqualification and wages in a causal way, since individuals choosing these subjects might differ systematically in unobserved … differences in the risk of overqualification and wages when STEM graduates are compared to the Business & Law group, while it …
Persistent link: https://www.econbiz.de/10010416218
correlation between continuing vocational training and wages are examined. Results are compared in order to analyse in how far …
Persistent link: https://www.econbiz.de/10003314706
employees. With panel data from 1996-2002, I analyse the impact of continuing training on wages and productivity in a Cobb … on both wages and productivity. The effect on productivity is about three times higher than the one on wages. High …
Persistent link: https://www.econbiz.de/10003314707
groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …
Persistent link: https://www.econbiz.de/10003338004
This paper characterises establishments that pay higher seniority wages than their competitors. It tests whether … seniority wages are paid on the basis of agency, human capital or efficiency wage considerations. A representative linked … employeremployee panel and an innovative two-step estimation strategy are used to first calculate individual seniority wages taking …
Persistent link: https://www.econbiz.de/10003806190
unemployment wages. A high wage replacement rate in the low wage sector seem to considerably elongate the duration of unemployment … and it is associated with higher post unemployment wages. …
Persistent link: https://www.econbiz.de/10003435417