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Wage Adjustment in Efficient Long-Term Employment Relationships

Elsby, Michael W. L.; Gottfries, Axel; Krolikowski, Pawel M. - National Bureau of Economic Research - 2024

We present a model in which efficient long-term employment relationships are sustained by wage adjustments prompted by productivity shocks and outside job offers. These wage adjustments occur only sporadically, due to the presence of renegotiation costs. The model is amenable to analytical...

Persistent link: https://www.econbiz.de/10015145100

Labor Misallocation Across Firms and Regions

Heise, Sebastian; Porzio, Tommaso - National Bureau of Economic Research - 2022

We develop a frictional labor market model with multiple regions and heterogeneous firms to study how frictions impeding labor mobility across space affect the joint allocation of labor across firms and regions. Bringing the model to matched employer-employee data from Germany, we find that...

Persistent link: https://www.econbiz.de/10013334515

Russian Cities in Transition: The Impact of Market Forces in the 1990s

Gang, Ira N.; Stuart, Robert C. - William Davidson Institute, University of Michigan - 2004

This paper analyses Russian city growth during the command and transition eras. Our main focus is on understanding the extent to which market forces are replacing command forces, and the resulting changes in Russian city growth patterns. We examine net migration rates for a sample of 171 medium...

Persistent link: https://www.econbiz.de/10005652625

Wage Arrears and the Distribution of Earnings in Russia

Lehmann, Hartmut; Wadsworth, Jonathan - William Davidson Institute, University of Michigan - 2001

The increase in wage inequality in Russia during its transition process has far exceeded the increase in wage … dispersion observed in other European countries undergoing transition. Russia also has an extremely large incidence of wage … arrears. We analyse to what extent wage arrears affect the wage distribution and measures of wage inequality in Russia. We …

Persistent link: https://www.econbiz.de/10005652663

Worker Mobility in a Global Labor Market : Evidence from the United Arab Emirates

Naidu, Suresh - 2014

In 2011, a reform in the United Arab Emirates allowed any employer to renew a migrant's visa upon contract expiration without written permission from the initial employer. We find that the reform increased incumbent migrants' earnings and firm retention of these workers. This occurs despite an...

Persistent link: https://www.econbiz.de/10012458278

Retirement Pay and Officer Retention

Smith, Jeffrey S. - 2012

We use data from a natural experiment in which retirement benefits were reduced by congressional legislation and later restored to estimate the effect of future retirement benefit eligibility upon the decision of whether to remain in the U.S. military. We find that the generosity of retirement...

Persistent link: https://www.econbiz.de/10012460158

Employer-to-Employer Flows in the United States : Estimates Using Linked Employer-Employee Data

Bjelland, Melissa - 2008

We use administrative data linking workers and firms to study employer-to-employer flows. After discussing how to identify such flows in quarterly data, we investigate their basic empirical patterns. We find that the pace of employer-to-employer flows is high, representing about 4 percent of...

Persistent link: https://www.econbiz.de/10012464780

The Effects of Labor Market Experience, Job Seniority, and Job Mobility on Wage Growth

Altonji, Joseph G. - 1992

This paper studies the returns to seniority, the returns to experience, and the effects of seniority and experience at the time of a quit or layoff on changes in the job match specific component of wages. We show that these returns are not identified in widely used regression models that relate...

Persistent link: https://www.econbiz.de/10012474837

Specific Capital, Mobility, and Wages : Wages Rise with Job Seniority

Topel, Robert H. - 1990

The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of specific human capital, as well as other widely accepted theories of compensation. The fact that persons with longer job tenures typically earn higher wages tends to support these...

Persistent link: https://www.econbiz.de/10012475741

The Exit-Voice Tradeoff in the Labor Market : Unionism, Job Tenure, Quits

Freeman, Richard B. - 1980

This paper examines the effect of trade unionism on the exit behavior of workers in the context of Hirschman's exit-voice dichotomy. Unionism is expected to reduce quits and permanent separations and raise job tenure by providing a "voice" alternative to exit when workers are dissatisfied with...

Persistent link: https://www.econbiz.de/10012478554