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association between childhood family income and later adult earnings. We seek to account for the level of income persistence in …. The mediating factors considered are cognitive skills, noncognitive traits, educational attainment and labour market … attachment. Changes in the relationships between these variables, parental income and earnings are able to explain over 80% of …
Persistent link: https://www.econbiz.de/10010928813
interaction among economic agents, both individuals and firms. We provide evidence that firm size and, especially, skills are …
Persistent link: https://www.econbiz.de/10010745274
genuinely over-educated graduates principally lack non-academic skills such as management and leadership. Additionally, genuine …
Persistent link: https://www.econbiz.de/10010745327
Labor market regulation can have harmful unintended consequences. In many markets, especially for public sector workers, pay is regulated to be the same for individuals across heterogeneous geographical labor markets. We would predict that this will mean labor supply problems and potential falls...
Persistent link: https://www.econbiz.de/10011071441
This paper demonstrates that urban social exclusion in China does not only include restricted participation by the ¿underclass¿ in urban life, but also the deprivation of certain political, social and economic rights. In addition, the paper describes how the character of urban social exclusion...
Persistent link: https://www.econbiz.de/10011126229
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...
Persistent link: https://www.econbiz.de/10010884490
This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...
Persistent link: https://www.econbiz.de/10010884671
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10010884716
We exploit a natural experiment provided by the 1990 introduction of the UK National Minimum Wage (NMW) to investigate the relationship between wages and monitoring and to test for Efficiency Wages considerations in a low-wage sector, the UK residential care homes industry. Our findings seem to...
Persistent link: https://www.econbiz.de/10010928640
Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining coverage is much higher than union density; and not all employees in a covered firm are necessarily covered. This institutional setup suggests to distinguish explicitly union...
Persistent link: https://www.econbiz.de/10010928810