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The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...
Persistent link: https://www.econbiz.de/10005792522
relationship between firm age and employee compensation as well as firm age and firm productivity suggest that there may be at …
Persistent link: https://www.econbiz.de/10005662285
wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage. The model has …
Persistent link: https://www.econbiz.de/10005666625
productivity) is low. Secondly, our estimates of the effects of training on wages are about half the size of the effects on …There is a vast empirical literature on the effects of training on wages that are taken as an indirect measure of … productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …
Persistent link: https://www.econbiz.de/10005667047
1990, we find that at the urban level richer diversity is systematically associated with higher average nominal wages for … the positive correlation between wages and diversity survives a battery of robustness checks, it seems to be larger once … wages. Comparing real and nominal wages across cities, we interpret these results as evidence that diversity enhances …
Persistent link: https://www.econbiz.de/10005661674
The relationship between unemployment and the rate of change of money wages in interwar Britain is re-examined. It is …-term unemployment did not act as a restraint on the growth of money wages. New estimates of the wage equation imply that the NAIRU rose …
Persistent link: https://www.econbiz.de/10005067347
determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … regions wages respond predominantly). The hypothesis is tested on United Kingdom regional unemployment data from 1963 to 1979 …
Persistent link: https://www.econbiz.de/10005791648
discrimination. Using data collected in the 1980 Women and Employment Survey, we find that women's wages would be between 20 and 25 …
Persistent link: https://www.econbiz.de/10005656294
low wages and productivity. A fall in union power results in a reduction in these inefficiencies and leads not only to a … rise in productivity but also in wages. …, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity …
Persistent link: https://www.econbiz.de/10005504742
productivity. It does not appear to have any special advantage over other measures for forecasting applications. …
Persistent link: https://www.econbiz.de/10005281317