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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
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
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
wages, particularly for unskilled workers. Further reductions in non-tariff barriers produce a less well-determined effect … affect wages so markedly. …
Persistent link: https://www.econbiz.de/10005666859
existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an …
Persistent link: https://www.econbiz.de/10005667099
-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so …
Persistent link: https://www.econbiz.de/10005789120
Our model studies the evolution of productivity growth in a competitive industry. The exogenous wage rate determines the firms' engagement in labour productivity enhancing process innovation. There is a unique steady state of the industry dynamics, which is globally stable. In the steady state,...
Persistent link: https://www.econbiz.de/10005791341
In this Paper, I present direct micro-econometric evidence of the relation between individual wages of French workers …’ wages not only comes from movements in the quasi-rent induced by competitive pressures but also from alterations of workers … my results, I find a bargaining power below 0.20. I also show that workers’ wages deteriorate through competitive …
Persistent link: https://www.econbiz.de/10005123663
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