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transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …
Persistent link: https://www.econbiz.de/10013224084
This paper establishes new evidence on the cyclical behaviour of household income risk in Great Britain and assesses the role of social insurance policy in mitigating against this risk. We address these issues using the British Household Panel Survey (1991-2008) by decomposing stochastic...
Persistent link: https://www.econbiz.de/10012872060
ascertain the contributions of worker, firm, match, and job-title heterogeneity to the union wage gap. Of these the most …
Persistent link: https://www.econbiz.de/10012892193
In European Welfare States, low-skilled workers are typically unionized, while the wage formation of high … affect wage formation, employment and welfare in dual domestic labour markets. Higher productivity of outsourcing, lower cost … of outsourcing and lower factor price of outsourcing increase wage dispersion between the high-skilled and low …
Persistent link: https://www.econbiz.de/10010264468
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor … markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage …
Persistent link: https://www.econbiz.de/10010276167
piece-rate wage, we investigate the causal effect of neutral and gender-discriminatory unfair chances on labor supply. We … randomize workers into treatments where we control relative pay and chances to receive a low or a high wage. Chances can be fair …, unfair based on an unspecified source, or unfair based on gender discrimination. Unequal pay reduces labor supply of low-wage …
Persistent link: https://www.econbiz.de/10012842672
, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of … largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender …
Persistent link: https://www.econbiz.de/10012897647
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced …
Persistent link: https://www.econbiz.de/10013217553
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … lifecycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of … search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage …
Persistent link: https://www.econbiz.de/10013314890
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades. Combining personal income tax and social security data allows us — for the first time — to offer a complete picture of the distribution of annual earnings in Germany. We find...
Persistent link: https://www.econbiz.de/10013298363