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construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit … an adverse signal, and establishing conditions under which equilibrium entails lowering wages (performance contracting …-strategy equilibrium. The economy is, in general, not efficient either in the selection of the form of equilibrium or the wages paid within …
Persistent link: https://www.econbiz.de/10014635663
, 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
an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and … escalation of high-skill wages. This collection brings together innovative new ideas and data sources in order to provide more … on U.S. wages. This timely volume offers a thorough appraisal of the wage distribution predicament, examining the …
Persistent link: https://www.econbiz.de/10001433753
This paper analyzes the degree of short-run, real wage flexibility in a two-sector economy under floating rates. This is done by deriving optimal wage indexation in a contracting framework. We find that the more closed the economy, the lower the degree of wage indexation. As a result, output...
Persistent link: https://www.econbiz.de/10012477994
This study examines the effect of trade unionism on the dispersion of wages among male wage and salary workers in the … dominate the more widely studied impact of unionism on the dispersion of average wages across industries, so that on net …
Persistent link: https://www.econbiz.de/10012478869
financed by employer and employee, on male-female wage and employment differentials. Chapter 1 introduces the topic of sex …
Persistent link: https://www.econbiz.de/10012479096
The American Time Use Survey 2003-15, the French Enquête Emploi du Temps, 2009-10, and the German Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than ever before. We identify income effects on time use by...
Persistent link: https://www.econbiz.de/10012480959
We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a … worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit …-maximizing firms to compress wages under quite general conditions. Our laboratory experiments, on the other hand, show that --while …
Persistent link: https://www.econbiz.de/10012466885
productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … deferred wages. We find a productivity premium for marriage equal to that of the wage premium, and a productivity premium for …
Persistent link: https://www.econbiz.de/10012468369
The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...
Persistent link: https://www.econbiz.de/10012468966