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firm with stochastic product demand and hiring cost (= irreversible specific investments). There is wage bargaining between …
Persistent link: https://www.econbiz.de/10011255817
We explore the role of firms in insuring non-verifiable output. As a device that allows workers to commit to thedelivery of their output, the firm arises endogenously as an alternative to the market if workers are sufficiently riskaverse and the firm can base its incentive payments on good...
Persistent link: https://www.econbiz.de/10011256657
This paper provides evidence about the effects of dismissals-for-cause requirements, aspecific component of employment protection legislation that has received little attentiondespite its potential relevance. We study a quasi-natural experiment generated by a lawintroduced in Portugal in 1989:...
Persistent link: https://www.econbiz.de/10005861536
competition and creative destruction associated with these developments are more legitimate.Coordination in wage bargaining and …
Persistent link: https://www.econbiz.de/10011256667
) themax-mean wage differential. The latter measure of wage dispersion is more robustthan measures based on the reservation … wage, due to the long left tail of the wagedistribution. We estimate this wage differential using data on match quality … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011257030
wage setting without commitment creates a "business-stealing" externality. In the absence of congestion effects, this leads … to excessive vacancy creation. Under wage setting with commitment this externality is absent because when posting a wage …
Persistent link: https://www.econbiz.de/10011257478
We investigate the relationship between exporting, importing, and wage premia using a richmatched employer … set of worker- and firm-levelobservable and unobservable characteristics to the wage gap, and (ii) by controlling for … firm size and sales are, todifferent extents, important components of the wage gap both for exporters and importers …
Persistent link: https://www.econbiz.de/10009522216
employment and wage practices of foreign and domestic firms in Brazil, using detailed matched firm-worker panel data... …
Persistent link: https://www.econbiz.de/10005859603
wage differentials between large metropoles and small cities.<P>See publication in <A href …
Persistent link: https://www.econbiz.de/10011255840
We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education.Hence, a given compression of after-tax incomes can...
Persistent link: https://www.econbiz.de/10011256508