We use a unique firm-level data set merging administrative information on average wagespaid by firms by skill level (blue collars and white collars), Population Census information onthe local stock of human capital available to firms and survey information on firmcharacteristics to investigate...

The European Social Survey data are used to analyze informal employment at the main jobin 30 countries. Overall, informality decreases from South to West to East to North. However,dependent work without contract is more prevalent in Eastern Europe than in the West,except for Ireland, the UK and...

Denmark’s registry data provide accurate and complete career history data along withdetailed personal characteristics (e.g., education, gender, work experience, tenure andothers) for the population of Danish workers longitudinally. By using such data from 1992 to2002, we provide rigorous...

In this paper we provide an overview of China’s human capital strategy and educationalachievements over the last two decades. While every one acknowledges China as aneconomic superpower, very few are aware of or realize China’s notable achievements ineducation as well as its...

We estimate the effects of labor market entry conditions on wages for male individuals firstentering the Austrian labor market between 1978 and 2000. We find a large negative effect ofunfavorable entry conditions on starting wages as well as a sizeable negative long-run effect.Specifically, we...

The career prospects of newly recruited employees differ substantially within an organization.The stars experience a considerable growth in earnings; others can hardly maintain theirentry salaries. This article sheds light on the mechanisms generating the observedheterogeneity in earnings...

This paper uses firm level panel data of firm provided training to estimate its impact onproductivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer(2006) for estimating production functions to control for the endogeneity of input factors andtraining is applied. The...

How valuable is education for entrepreneurs’ performance as compared to employees’?What might explain any differences? And does education affect peoples’ occupationalchoices accordingly? We answer these questions based on a large panel of US labor forceparticipants. We show that education...

We combine two empirical observations in a general equilibrium occupational choice model.The first is that entrepreneurs have more control than employees over the employment ofand accruals from assets, such as human capital. The second observation is thatentrepreneurs enjoy higher returns to...

There is a debate on whether executive pay reflects rent extraction due to “managerialpower” or is the result of arms-length bargaining in a principal-agent framework. In this paperwe offer a test of the managerial power hypothesis by empirically examining the CEOcompensation of U.S. public...