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Since 1973 median compensation has diverged starkly from average labor productivity. Since 2000, average compensation has also begun to diverge from labor productivity. These divergences lead to the question: to what extent does productivity growth translate into compensation growth for typical...
Persistent link: https://www.econbiz.de/10012453548
This paper uses linked establishment-firm-employee data to examine the relationship between the scientists and engineers proportion (SEP) of employment, and productivity and labor earnings. We show that: (1) most scientists and engineers in industry are employed in establishments producing goods...
Persistent link: https://www.econbiz.de/10012455197
through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression … average of industrial prices from other industries, and by indicators of country wages weighted by industry labour shares for …
Persistent link: https://www.econbiz.de/10012458102
An observed positive relationship between compensation and productivity cannot distinguish between two channels: (1) an incentive effect and (2) worker selection. We use a simplified Becker-DeGroot-Marschak mechanism, which provides random variation in piece rates conditional on revealed...
Persistent link: https://www.econbiz.de/10012458839
Our paper documents the large labor market wedges created by taxes, subsidies, and regulations included in the Affordable Care Act. The law changes terms of trade in both goods and factor markets for firms offering health insurance coverage. We use a multi-sector (intra-national) trade model to...
Persistent link: https://www.econbiz.de/10012458892
. We further find that employees of target firms experience a reduction in work hours and stagnation in wages despite an …
Persistent link: https://www.econbiz.de/10012461140
, 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
's equilibrium implies that positive attributes in one location, like access to downtown or high wages, are offset by negative … attributes, like high housing prices. The employer's equilibrium requires that high wages be offset by a high level of … justify high wages is the basis for the study of agglomeration economies which has been a significant branch of urban …
Persistent link: https://www.econbiz.de/10012464950
marginal productivity of different categories of workers with the wages they earn. A methodological contribution is to estimate …
Persistent link: https://www.econbiz.de/10012465344
allowances lead firms to increase employment, but entry wages and workforce composition are insensitive to patent decisions. On …
Persistent link: https://www.econbiz.de/10012480896