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We document sectoral differences in changes in output, hours worked, prices, and nominal wages in the United States …. One sector is assumed to have flexible nominal wages, while nominal wages in the other sector are set using Taylor …. Alternatively, if wages are set using Calvo-type contracts, the decline in output is even smaller. …
Persistent link: https://www.econbiz.de/10008636217
Changes in the fraction of workers experiencing job separations can account for most of the increase in earnings dispersion that occurred both between, as well as within educational groups in the United States from the mid-1970s to the mid- 1980s. This is not true of changes in average earnings...
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may be preferred to one with a high starting wage if the growth rate of wages is higher in the former than in the latter …
Persistent link: https://www.econbiz.de/10005728982
A demonstration that unionization can affect cost of production through increases in compensation, through shifts in technologies, and through deviations from the least-cost combination of inputs (the factor-use effect).
Persistent link: https://www.econbiz.de/10005729005
A report showing that although rounding in earnings data is typically ignored, its systematic nature affects some commonly used statistics based on earnings data, particularly those focusing on a specific region of the wage distribution.
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A study of rising wage inequality based on data from a private salary survey conducted over the last three decades.
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this type of model results in more employment variability and less-procyclical wages than do models without fixed hiring …
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In hiring new workers, risk-neutral employers equate the present expected value of each worker's compensation to the present expected value of higher productivity, Data detailing how present expected compensation varies with the age of hire embed, therefore, information about how productivity...
Persistent link: https://www.econbiz.de/10005729100