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Wage Setting in Modern Labor Markets: Neither Fair Nor Efficient
Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2011
economic efficiency within a changing technological and social environment. Ethical evaluations of these developments diverge …, yet the view that free labor markets drive to efficiency remains undisputed. This note sets out to criticize, in a non …-technical manner, this efficiency presumption which is based on Adam Smith’s theory of wage setting. It is urged that a Smithian wage …
Persistent link: https://www.econbiz.de/10008924594
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Steady-State Labor Supply Elasticities: A Survey
Bargain, Olivier; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2013
supply elasticities for Western Europe and the US. We also investigate the relative contribution of different methodological …, both in the US and in Europe. …
Persistent link: https://www.econbiz.de/10010884275
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Comparing Labor Supply Elasticities in Europe and the US: New Results
Bargain, Olivier; Orsini, Kristian; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2012
Europe. …
Persistent link: https://www.econbiz.de/10011252285
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Labor Supply Elasticities in Europe and the US
Bargain, Olivier; Orsini, Kristian; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2011
Despite numerous studies on labor supply, the size of elasticities is rarely comparable across countries. In this paper, we suggest the first large-scale international comparison of elasticities, while netting out possible differences due to methods, data selection and the period of...
Persistent link: https://www.econbiz.de/10009151029