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Money and Happiness: Evidence from the Industry Wage Structure

Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2011

There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this correlation reflects causality running from money to happiness. I use industry wage differentials...

Persistent link: https://www.econbiz.de/10009643510

Zero Returns to Compulsory Schooling in Germany: Evidence and Interpretation

Pischke, Jörn-Steffen; von Wachter, Till - C.E.P.R. Discussion Papers - 2005

the range of 10-15%. We find no return to compulsory schooling in Germany in terms of higher wages. We investigate whether … this is due to labour market institutions or the existence of the apprenticeship training system in Germany, but find no … the labour market are learned earlier in Germany than in other countries. …

Persistent link: https://www.econbiz.de/10005666619

Unions And The Labour Market For Managers

Dinardo, John; Hallock, Kevin F; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more monitoring, which requires more managers. The model also...

Persistent link: https://www.econbiz.de/10005666977

Returns to Apprenticeship Training in Austria: Evidence from Failed Firms

Fersterer, Josef; Pischke, Jörn-Steffen; Winter-Ebmer, … - C.E.P.R. Discussion Papers - 2007

Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. OLS estimates suggest that the returns are similar to those of other types of schooling. However, there is a lot of heterogeneity in the types of apprenticeships offered, and...

Persistent link: https://www.econbiz.de/10005789124

The Impact of Length of the School Year on Student Performance and Earnings: Evidence from the German Short School Years

Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2003

This Paper investigates how changing the length of school year, leaving the basic curriculum unchanged, affects learning and subsequent earnings. I use variation introduced by the West German short school years in 1966-7, which exposed some students to a total of about two thirds of a year less...

Persistent link: https://www.econbiz.de/10005123725

Continuous Training In Germany

Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2000

training in Germany for the years 1986 to 1989. Much of this training seems general, and is provided to workers by their …

Persistent link: https://www.econbiz.de/10005656237

A Cautionary Note on Using Industry Affiliation to Predict Income

Pischke, Jörn-Steffen; Schwandt, Hannes - C.E.P.R. Discussion Papers - 2012

Many literatures investigate the causal impact of income on economic outcomes, for example in the context of intergenerational transmission or well-being and health. Some studies have proposed to use employer wage differentials and in particular industry affiliation as an instrument for income....

Persistent link: https://www.econbiz.de/10011083623

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1998

In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the distortion in the wage structure turns...

Persistent link: https://www.econbiz.de/10005656301

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1999

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labour markets underlying this...

Persistent link: https://www.econbiz.de/10005661835

Wage and Employment Effects of Immigration to Germany: An Analysis Based on Local Labour Markets

Pischke, Jörn-Steffen; Velling, Johannes - C.E.P.R. Discussion Papers - 1994

We analyse the impact of increased immigration on labour market outcomes of natives in Germany using a dataset of … Germany is largely independent of labour market conditions. Subsequent internal moves by foreigners are more responsive to …

Persistent link: https://www.econbiz.de/10005504240