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Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …
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How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and … wages. We find that firms value cognitive skills on average almost twice as much as interpersonal and manual skills, and … they prize complementarity in cognitive and interpersonal skills. The average return to VET skills in hourly wages is 9 …
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Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment …. Empirical and experimental research, however, has shown that the introduction of a minimum wage can raise even those wages that … bargaining models between unions and firms. While the Nash bargaining solution is unaffected by minimum wages below initially …
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