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United, Yet Apart? A Note on Persistent Labour Market Differences between Western and Eastern Germany
Schnabel, Claus - Institute for the Study of Labor (IZA) - 2015
Comparing aggregate statistics and surveying selected empirical studies, this paper shows that the characteristics and results of labour markets in eastern and western Germany have become quite similar in some respects but still differ markedly in others even 25 years after unification. Whereas...
Persistent link: https://www.econbiz.de/10011212568
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Equilibrium Wage Arrears: A Theoretical and Empirical Analysis of Institutional Lock-In
Earle, John S.; Sabirianova, Klara Z. - Institute for the Study of Labor (IZA) - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10005822557
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Contract Violations, Neighborhood Effects, and Wage Arrears in Russia
Earle, John S.; Sabirianova Peter, Klara - Institute for the Study of Labor (IZA) - 2004
We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...
Persistent link: https://www.econbiz.de/10005763706
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Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income
Gorodnichenko, Yuriy; Sabirianova Peter, Klara; … - Institute for the Study of Labor (IZA) - 2009
We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality decreased during the 2000-2005 economic recovery....
Persistent link: https://www.econbiz.de/10005004571
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Pension Investments in Employer Stock
Even, William E.; Macpherson, David A. - Institute for the Study of Labor (IZA) - 2006
This study examines the consequences of a pension fund investing in the stock of the sponsoring firm. Using a merger of data on pension asset holdings from IRS Form 5500 filings and financial data on the company’s stock from CRSP, two broad questions are addressed: First, what factors...
Persistent link: https://www.econbiz.de/10005566649
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Product Market Integration, Comparative Advantages and Labour Market Performance
Andersen, Torben M.; Skaksen, Jan Rose - Institute for the Study of Labor (IZA) - 2003
of employment across countries and thus a change in the trade-off between wages and employment faced by wage setters …. While the effects of product market integration on the trade-off between wages and employment in general is ambiguous, it is … through trade. Unambiguously, real wages and employment and welfare improve upon reductions in trade frictions, and therefore …
Persistent link: https://www.econbiz.de/10005761745
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The Correlates of Work in a Post-AFDC World: The Results from a Longitudinal State-Level Analysis
Lewis, Dan; Konstantopoulos, Spyros; Altenbernd, Lisa - Institute for the Study of Labor (IZA) - 2005
Much of the research that has followed welfare reform and new policies such as the Temporary Assistance for Needy Families (TANF) has focused on identifying the variations in how different states have put the new policy into practice. Less is known however, about how this new policy affects the...
Persistent link: https://www.econbiz.de/10005761905
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Minimum Wage Channels of Adjustment
Hirsch, Barry T.; Kaufman, Bruce E.; Zelenska, Tetyana - Institute for the Study of Labor (IZA) - 2011
employment, including hours, prices, turnover, training, performance standards, and non-labor costs. Exploiting variation in the … cost impact of the MW across restaurants, we find no significant effect of the MW increases on employment or hours over the …
Persistent link: https://www.econbiz.de/10009371867
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Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10005822664
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The Effect of Tip Credits on Earnings and Employment in the U.S. Restaurant Industry
Even, William E.; Macpherson, David A. - Institute for the Study of Labor (IZA) - 2012
wages to identify the effects of reducing or eliminating the tip credit on employment and earnings in the U.S. restaurant … industry. Using data from the Quarterly Census of Employment and Wages and the Current Population Survey, we find that a … reduction in the tip credit increases weekly earnings but reduces employment in the full services restaurant industry and for …
Persistent link: https://www.econbiz.de/10010717458