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labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …
Persistent link: https://www.econbiz.de/10010746486
A general equilibrium model of individual specialization is presented in which agents trade off the productivity and price implications of producing a narrower range of goods. Agents with highly specific skills turn out to benefit most from large markets. The model is able to replicate features...
Persistent link: https://www.econbiz.de/10010745762
quartile of the wage distribution or (b) with wages in the top half but who are also members of an occupational pension scheme …
Persistent link: https://www.econbiz.de/10011126457
levels since than. After dropping in the first half of the 1070s, owing to an unprecedented rapid rise in wages, profit share … manufacturing, which is more exposed to international competition, declined, together with the returns on capital stock, but … began in the first half of the 1990s. They led to a rapid growth in total factor productivity and a deceleration in wages …
Persistent link: https://www.econbiz.de/10010745192
The growth of “global cities” in the 1980s was supposed to have involved an occupational polarization, including the increase in low-paid service jobs. Although held to be untrue for European cities at the time, some such growth did emerge in London a decade later than first reported for New...
Persistent link: https://www.econbiz.de/10011126623
This paper studies the dynamics of labour demand and the determinants of employment rates across the OECD. We find: (i) labour demand adjusts less rapidly when employment protection is more strict and union density is higher; (ii) there is no evidence that overall job turnover is influenced by...
Persistent link: https://www.econbiz.de/10010884729
This paper considers the impact of public sector employment on local labour markets. Using English data at the Local Authority level for 2003–2007 we find that public sector employment has no identifiable effect on total private sector employment. However, public sector employment does affect...
Persistent link: https://www.econbiz.de/10010744926
becoming unemployed, the costs of unemployment in terms of real wages losses and the probability that the continuously employed …
Persistent link: https://www.econbiz.de/10010745282
This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …
Persistent link: https://www.econbiz.de/10010745323
different adult outcomes so that human capital production should not be considered by economists as a simple one …
Persistent link: https://www.econbiz.de/10010745937