Showing 1 - 10 of 7,994
This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...
Persistent link: https://www.econbiz.de/10012472244
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in shaping pay. In contrast to most of the literature, it 1) uses microeconometric data on individuals and workplaces 2) examines a variety of data sets as a check on the robustness of...
Persistent link: https://www.econbiz.de/10012475860
This paper investigates an economy in which there are short-term wage contracts that are re-negotiated under certain conditions. This paper determines the optimal frequency of wage re-negotiation and shows that it depends positively on measures of aggregate variability and Phillips curve slope....
Persistent link: https://www.econbiz.de/10012477817
What drives change in a society's values? From Marx to modernization theory, scholars have identified a connection …
Persistent link: https://www.econbiz.de/10014372465
Did overseas slave-holding by Britons accelerate the Industrial Revolution? We provide theory and evidence on the …
Persistent link: https://www.econbiz.de/10013388807
rate, and appears to be untrended in both countries. Union wages are sticky. c) The size of the wage gap varies across …
Persistent link: https://www.econbiz.de/10012472714
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics …
Persistent link: https://www.econbiz.de/10012474149
-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …
Persistent link: https://www.econbiz.de/10012476018
This paper examines the effect of earnings taxes on the variability of wages over time. We estimate a "hedonic wage … and temporal variation of hourly wages. On the basis of these utility function parameters, we predict that lowering the …
Persistent link: https://www.econbiz.de/10012477811
This paper argues that rigid wages cannot provide the underpinnings of a universally valid theory of the business cycle …, simply because wages are not universally rigid. Several different statistical techniques suggest that wage rates in the U … greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …
Persistent link: https://www.econbiz.de/10012478304