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Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first...
Persistent link: https://www.econbiz.de/10014576613
This paper proposes a non-pecuniary measure of career achievement, Seniority. Based on a database of over 5 million resumes, this metric exploits the variation in job titles and how long they take to attain. When non-monetary factors influence career choice, inference benefits from the use of...
Persistent link: https://www.econbiz.de/10013334397
Employment and participation rates for US prime age women rose steadily during the second half of the 20th century. In the last 30 years, however, those rates stagnated, even as employment and participation rates for women in other industrialized countries continued to rise. I discuss the role...
Persistent link: https://www.econbiz.de/10014437047
-commerce firm's fulfillment centers reduces traditional retail workers' income in geographically proximate counties by 2.4%. Wages …
Persistent link: https://www.econbiz.de/10013210105
A fundamental question for education policy is whether outcomes-based accountability including comprehensive educator evaluations and a closer relationship between effectiveness and compensation improves the quality of instruction and raises achievement. We use synthetic control methods to study...
Persistent link: https://www.econbiz.de/10014247993
We examine whether corporate money in politics benefits or hurts labor using the 2010 Supreme Court ruling Citizens United, which rendered bans on political election spending unconstitutional. In difference-in-difference analyses, affected states experience increases in both capital and labor...
Persistent link: https://www.econbiz.de/10014322868
a point wage. The majority (8%) feature a range of wages that are on average wide, spanning 28% of the midpoint (e …, posted wages are 40% higher than wages in BLS data in low-wage occupations and 20% lower than BLS data in high …-wage occupations. Fourth, among the wages that are posted, high wage firms are more opaque, with more and wider ranges. Fifth, there is …
Persistent link: https://www.econbiz.de/10014447305
We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across different model specifications and data sets....
Persistent link: https://www.econbiz.de/10014468295
bargaining. We hope that such an interest may help close the gap between how economists tend to model wage setting and how wages … that firms or employer associations bargain with unions over wages, producing collective bargaining systems. We show that …In this article, we document and discuss salient features of collective bargaining systems in the OECD countries, with …
Persistent link: https://www.econbiz.de/10013388793
bargaining power of workers, leading to lower average wages. A key insight is that employers credibly refuse to pay high wages to … individual bargaining power, such as under a collective bargaining agreement or in markets with posted wages, greater … equilibrium has received less attention. To study these outcomes, we build a model of bargaining under incomplete information and …
Persistent link: https://www.econbiz.de/10012585387