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Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10008671733
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10008799732
results quantify the role of regional factor markets in firm productivity and location. Considering modern China as a large …
Persistent link: https://www.econbiz.de/10010877649
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost …
Persistent link: https://www.econbiz.de/10009323303
Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...
Persistent link: https://www.econbiz.de/10009351470
identification. On the return to work after the birth, mothers’ wages drop by 3 to 5.7 per cent per year of leave. We find negative …
Persistent link: https://www.econbiz.de/10009645655
, we observe interesting patterns in the skill composition, employment opportunities and wages for migrants to the …
Persistent link: https://www.econbiz.de/10005406154
Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while … productivity does not or does not increase at the same pace. However, other studies find no evidence of such an age related pay-productivity …
Persistent link: https://www.econbiz.de/10008572567
, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010877633
improvement over what can be achieved with an optimal income tax. The reason is that a graduated minimum wage requires high-productivity … workers to work more to earn the same income as low-productivity workers, which makes it more difficult for the former to … mimic the latter. In effect, a graduated minimum wage allows the low-productivity workers to benefit from second …
Persistent link: https://www.econbiz.de/10010877884