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We analyze a model of wage delay in which strategic complementarity arises because each employer's costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...
Persistent link: https://www.econbiz.de/10005141942
Persistent link: https://www.econbiz.de/10010849993
Hyclak and Johnes explore the extent to which wage rigidity differs across regional labor markets in the U.S. and how it affects the unemployment response to shifts in regional aggregate demand. They also look at the determinants of differences in wage rigidity across regional labor markets.
Persistent link: https://www.econbiz.de/10008488918
Alpert and Woodbury present a comprehensive set of explorations into the impacts that the provision of various types of employee benefits (or lack thereof) have on labor markets. And while there are, as the editors point out, substantial differences between the employee benefits systems of...
Persistent link: https://www.econbiz.de/10008472687
occupation) and firms (size, industry, and productivity), suggesting ownership type is systematically selected along these … unobserved firm characteristics affecting the average level and trend growth of wages. These controls have little effect on the …
Persistent link: https://www.econbiz.de/10005141966
Recent studies have documented the growth of earnings inequality in the United States during the 1980s. In contrast to these studies' findings, our analysis of micro data for the former West Germany yields virtually no evidence of growth in earnings inequality over the same period. Between 1978...
Persistent link: https://www.econbiz.de/10005102005
We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in … impacts on both employment and wages in all four countries. The negligible consequences of domestic privatization for workers …
Persistent link: https://www.econbiz.de/10005030683
This paper estimates the effects of privatization on worker separations and wages using retrospective data from a … used to control for unobservables in worker and firm selection. The results imply that privatization reduces wages by 5 … percent and cuts the layoff probability in half. Outside investor ownership reduces separations but leaves wages unaffected …
Persistent link: https://www.econbiz.de/10005030687
This paper studies the link between hourly wages and workers’ subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with …
Persistent link: https://www.econbiz.de/10010662741
Persistent link: https://www.econbiz.de/10010585737