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The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: A Reassessment
Autor, David H.; Manning, Alan; Smith, Christopher L. - Centre for Economic Performance, LSE - 2010
We reassess the effect of state and federal minimum wages on U.S. earnings inequality, attending to two issues that … reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than …
Persistent link: https://www.econbiz.de/10009643566
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Moving Up and Sliding Down: An Empirical Assessment of the Effect of Social Mobility on Subjective Wellbeing
Dolan, Paul; Lordan, Grace - Centre for Economic Performance, LSE - 2013
Many people remain in the same income group as their parents and this is a cause of much discussion and some concern. In this work, we examine how intergenerational mobility affects subjective wellbeing (SWB) using the British Cohort Study. Our SWB measures encapsulate life satisfaction and...
Persistent link: https://www.econbiz.de/10010610736
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Upward Social Mobility, Well-being and Political Preferences: Evidence from the BHPS
Clark, Andrew E.; D'Angelo, Emanuela - Centre for Economic Performance, LSE - 2013
The paper uses 18 waves of BHPS data to provide evidence of the roles of both own social status and upward mobility relative to one's parents on job and life satisfaction, preferences for redistribution, pro-public sector attitudes and voting. Both own social status and greater mobility with...
Persistent link: https://www.econbiz.de/10010722843
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Unequal Pay or Unequal employment? A Cross-Country Analysis of Gender Gaps
Olivetti, Claudia; Petrongolo, Barbara - Centre for Economic Performance, LSE - 2005
There is evidence of a negative cross-country correlation between gender wage and employment gaps. We argue that non-random selection of women into work explains an important part of such correlation and thus of the observed variation in wage gaps. The idea is that, if women who are employed...
Persistent link: https://www.econbiz.de/10005017013
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The Minimum Wage and Inequality - The Effects of Education and Technology
Bárány, Zsófia L. - Centre for Economic Performance, LSE - 2011
While there has been intense debate in the empirical literature about the effects of minimum wages on inequality in the … decreasing minimum wage on inequality, I build a dynamic general equilibrium model, based on a two-sector growth model where the … the entire distribution, affecting upper-tail inequality. Through a calibration exercise, I find that a 30 percent …
Persistent link: https://www.econbiz.de/10009293675
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Reservation Wages and the Wage Flexibility Puzzle
Koenig, Felix; Manning, Alan; Petrongolo, Barbara - Centre for Economic Performance, LSE - 2014
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment rather than wages, at odds with the quantitative predictions of the canonical search and matching model. This paper provides an alternative perspective on the wage flexibility...
Persistent link: https://www.econbiz.de/10011099317
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Labor Search and Matching in Macroeconomics
Yashiv, Eran - Centre for Economic Performance, LSE - 2007
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment determined as equilibrium phenomena? What...
Persistent link: https://www.econbiz.de/10005510441
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Labor Market Institutions, Wages and Investment
Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2004
Labor market institutions, via their effect on the wage structure, affect the investmentdecisions of firms in labor markets with frictions. This observation helps explain rising wageinequality in the US, but a relatively stable wage structure in Europe in the 1980s. Thesedifferent trends are the...
Persistent link: https://www.econbiz.de/10005670541
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Gender Gaps Across Countries and Skills: Supply, Demand and the Industry Structure
Olivetti, Claudia; Petrongolo, Barbara - Centre for Economic Performance, LSE - 2011
The gender wage gap varies widely across countries and across skill groups within countries. Interestingly, there is a positive cross-country correlation between the unskilled- to-skilled gender wage gap and the corresponding gap in hours worked. Based on a canonical supply and demand framework,...
Persistent link: https://www.econbiz.de/10009371119
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Peer Effects in Science - Evidence from the Dismissal of Scientists in Nazi Germany
Waldinger, Fabian - Centre for Economic Performance, LSE - 2009
This paper analyzes peer effects among university scientists. Specifically, it investigates whether the number of peers and their average quality affects the productivity of researchers in physics, chemistry, and mathematics. The usual endogeneity problems related to estimating peer effects are...
Persistent link: https://www.econbiz.de/10005151079