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Major strands of recent macroeconomic theory hinge on the relation of workers' efforts to their wages, but there has … include detailed time diaries to examine how changes in the use of time on the job affect wages. Additional time spent by the … average worker relaxing at work has no impact on earnings (and is presumably unproductive). Additional on-the- job leisure …
Persistent link: https://www.econbiz.de/10012476258
This paper tests some empirical implications of the general human capital model's explanation of rising wage profiles. At the individual level, the model implies that there will be a negative relationship between the initial wage level and wage growth of young, inexperienced workers. At the...
Persistent link: https://www.econbiz.de/10012474244
Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job …-to-job mobility is more common. A life-cycle theory of job shopping and accumulation of skills on the job highlights that a more fluid … comparable cross-country training data, finding support for the theory …
Persistent link: https://www.econbiz.de/10012814473
experience profiles of wages is explained, in part, by changes in relative demographic supplies (cohort effects), and in part by …
Persistent link: https://www.econbiz.de/10012475439
substantial. In addition to confirming some features of contract theory, the results lend support to the bonding models of Becker …
Persistent link: https://www.econbiz.de/10012476269
implications for how aggregate labor supply responds to changes in taxes. In the first model, curvature in the utility from leisure … extent of curvature in the utility from leisure function …
Persistent link: https://www.econbiz.de/10012462022
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than …
Persistent link: https://www.econbiz.de/10012480959
, father's education, and wages for young men and their siblings from NLSY. We also examine the empirical implications of …
Persistent link: https://www.econbiz.de/10012472533
Firms often use non-linear incentive systems to motivate workers to achieve specified goals, such as paying bonuses to reach targets in sales, production, or cost reduction. Using administrative data from a major Chinese insurance firm that raised its sales targets and rewards for insurance...
Persistent link: https://www.econbiz.de/10012479463
-based explanations of wage changes consistent with increasing variance in wages as well as increases in mean wages as suggested by skill …
Persistent link: https://www.econbiz.de/10012480371