, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill … premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation … that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust …

capital stock, the capital-labor ratio, and the capital share all increase. Shared governance does not raise wage premia or …

This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian … develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be … show that, although international trade in a static setting in the wage fund framework has real asymmetric distributional …

We explore whether the way in which tax credits are disbursed affects the gross wage of workers. We exploit an unusual …

transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …

This paper studies the properties of the optimal taxes on bequests when individuals differ in wage and in their risks … reasons or from pure joy of giving reasons. Instead, it observes the timing of bequests and the health status at death. Under … bequests of those individuals living long in good health and to tax the least bequests of those dying early. This is a direct …

We document substantial cross-sectional heterogeneity of German establishments’ real wage cyclicality over the business … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …