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replies to the same questionnaire by more than 6000 college students all over Europe. We study the determinants of wage … the results of the first systematic study of the wage expectations of European college students. Our data are based on the … variation across universities and fields. We also examine the trade-off between expected starting wages and wage growth. In the …
Persistent link: https://www.econbiz.de/10005497746
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10005067578
We study the relation between product quality and worker quality using an economic model that, under certain conditions, provides a direct link between product price, product quality and work-force quality. Our measures of product quality are the evolution in the detailed product price relative...
Persistent link: https://www.econbiz.de/10005497935
statistically significant association between the extent of democratic rights and wages received by workers. The association exists … improvements result from the enhancement of democratic institutions: average wages in a country like Mexico would be expected to …
Persistent link: https://www.econbiz.de/10005498191
Two literatures exist concerning cross-border merger activity’s impact on domestic wages: one focusing on spillover …) unionization rates and under high (low) degrees of relatedness. Employing US firm-level panel data on wages combined with industry … cross-border merger activity generate positive spillovers to wages, but are more likely to generate firm-level wage …
Persistent link: https://www.econbiz.de/10011083984
to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches …
Persistent link: https://www.econbiz.de/10005067455
strategic interactions among firms are explicitly recognized. Our main aim is to investigate how equilibrium wages and …
Persistent link: https://www.econbiz.de/10005656145
The proposition that labour market adjustments to intra-industry trade are less costly than adjustments to inter-industry trade is a widely-held belief amongst trade economists. If it is the case that there are significant sector-specific skills, then this ‘smooth adjustment hypothesis’...
Persistent link: https://www.econbiz.de/10005661849
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
This Paper presents strong evidence for the concavity of wages in job and worker characteristics by adding second order …. The impact of search frictions on wages is large. Our results relate to the literature on industry wage differentials, on …
Persistent link: https://www.econbiz.de/10005666739