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Money and Happiness : Evidence from the Industry Wage Structure
Pischke, Jörn-Steffen - 2011
There is a well-established positive correlation between life-satisfaction measures and income in individual level … from money to happiness. I use industry wage differentials as instruments for income. This is based on the idea that at … random. To probe the validity of these assumptions, I compare estimates for life satisfaction with those for job satisfaction …
Persistent link: https://www.econbiz.de/10012461602
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Top Wage Incomes in Japan, 1951-2005
Moriguchi, Chiaki - 2008
Using wage income tax statistics, we construct continuous series of upper wage income shares in Japan from 1951 to 2005 … wage income class gained enormously both in absolute and relative terms during the period of high economic growth, the … upper wage income class faired comparatively better after 1975. In particular, the share of total wage accruing to the top 1 …
Persistent link: https://www.econbiz.de/10012464112
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The Career Evolution of the Sex Gap in Wages : Discrimination vs. Human Capital Investment
Neumark, David - 2020
Several studies find that there is little sex gap in wages at labor market entry, and that the sex gap in wages emerges (and grows) with time in the labor market. This evidence is consistent with (i) there is little or no sex discrimination in wages at labor market entry, and (ii) the emergence...
Persistent link: https://www.econbiz.de/10012482410
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Can Inter-Industry Wage Differentials Justify Strategic Trade Policy?
Katz, Lawrence F. - 1988
This paper examines the relationship between labor market imperfections and trade policies. The available evidence suggests that pervasive industry wage differentials of up to 20 percent remain even after controlling for differences in observed measures of workers' skill and the effects of...
Persistent link: https://www.econbiz.de/10012476321
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Taking It to the Limit : Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being
Black, Sandra E. - 2020
Growing reliance on student loans and repayment difficulties have raised concerns of a student debt crisis in the United States. However, little is known about the effects of student borrowing on human capital and long-run financial well-being. We use variation induced by recent expansions in...
Persistent link: https://www.econbiz.de/10012481206
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This Time is Not so Different : Income Dynamics During the COVID-19 Recession
Bell, Brian; Bloom, Nicholas; Blundell, Jack - National Bureau of Economic Research - 2021
We use a UK employer-employee administrative earnings dataset to investigate the response of earnings and hours to business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the exposure of different types of workers to aggregate shocks. Employees who are...
Persistent link: https://www.econbiz.de/10012533420
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Spillover Effects from Voluntary Employer Minimum Wages
Derenoncourt, Ellora; Noelke, Clemens; Weil, David; … - National Bureau of Economic Research - 2021
Low unionization rates, a falling real federal minimum wage, and outsourcing have hampered wage growth in the low-wage sector in the US. In recent years, a number of private employers have opted to institute or raise company-wide minimum wages for their employees, sometimes in response to public...
Persistent link: https://www.econbiz.de/10012660103
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Equilibrium Effects of Pay Transparency
Cullen, Zoë B.; Pakzad-Hurson, Bobak - National Bureau of Economic Research - 2021
The public discourse around pay transparency has focused on the direct effect: how workers seek to rectify newly-disclosed pay inequities through renegotiations. The question of how wage-setting and hiring practices of the firm respond in equilibrium has received less attention. To study these...
Persistent link: https://www.econbiz.de/10012585387
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Worker Beliefs About Outside Options
Jäger, Simon; Roth, Christopher; Roussille, Nina; … - National Bureau of Economic Research - 2021
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012794650
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Labor Mobility and Wages
Mincer, Jacob - 1979
1. The initially steep and later decelerating declines of labor mobility with working age are in large part due to the similar but more steeply declining relation between mobility and length of job tenure
Persistent link: https://www.econbiz.de/10012478791