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Persistence and Cycles in US Hours Worked
Caporale, Guglielmo Maria - 2012
This paper analyses monthly hours worked in the US over the sample period 1939m1 – 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterized by auto-correlations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...
Persistent link: https://www.econbiz.de/10013108087
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Real Wages and Hours in the Great Recession : Evidence from Firms and Their Entry-Level Jobs
Schaefer, Daniel - 2018
Using employer-employee panel data, we provide novel facts on how real wages and working hours within jobs responded to … part-time workers. A one percentage point increase in the unemployment rate led to an average decline in real hourly wages …
Persistent link: https://www.econbiz.de/10012929264
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Learning from the Past : Trends in Executive Compensation over the Twentieth Century
Frydman, Carola - 2021
In recent years, a large academic debate has tried to explain the rapid rise in CEO pay experienced over the past three decades. In this article, I review the main proposed theories, which span views of compensation as the result of a competitive labor market for executives to theories based on...
Persistent link: https://www.econbiz.de/10013316448
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Restrictive Immigration Policy in Germany : Pains and Gains Foregone?
Felbermayr, Gabriel J.; Geis, Wido; Kohler, Wilhelm - 2021
Many European countries restrict immigration from new EU member countries. The rationale is to avoid adverse wage and employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor demand, based on elasticities of substitution between...
Persistent link: https://www.econbiz.de/10013316525
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Returns to ICT Skills
Falck, Oliver - 2016
How important is mastering information and communication technology (ICT) in modern labor markets? We answer this question with unique data on ICT skills tested in 19 countries. Our two instrumental-variable models exploit technologically induced variation in broadband Internet availability that...
Persistent link: https://www.econbiz.de/10012997356
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Wages and Employment : The Role of Occupational Skills
Girsberger, Esther Mirjam - 2018
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 …
Persistent link: https://www.econbiz.de/10012912688
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Intra-Household Work Timing : The Effect on Joint Activities and the Demand for Child Care
Klaveren, Chris van - 2011
This study examines if couples time their work hours and how this work timing influences child care demand and the time that spouses jointly spend on leisure, household chores and child care. By using a innovative matching strategy, this study identifies the timing of work hours that cannot be...
Persistent link: https://www.econbiz.de/10013125246
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Working Time Regulation, Unequal Lifetimes and Fairness
Leroux, M.‐L. - 2017
We examine the redistributive impact of working time regulations in an economy with unequal lifetimes. It is shown that uniform working time reductions, when uncompensated (i.e. constant hourly wage), can reduce inequalities in realized lifetime well-being between short-lived and long-lived...
Persistent link: https://www.econbiz.de/10012963777
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Working Times and Overweight : Tight Schedules, Weaker Fitness?
Costa-Font, Joan - 2019
We study the causal effect of a change in working times on overweight and obesity drawing from evidence from a national policy (the Aubry reform) implemented in the beginning of the past decade in France that reduced the work week from 39 to 35 hours, or 184 hours per year. We draw on two...
Persistent link: https://www.econbiz.de/10012898040
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Technological Progress, the Supply of Hours Worked, and the Consumption-Leisure Complementarity
Irmen, Andreas - 2018
At least since 1870 hours worked per worker declined and real wages increased in many of today's industrialized … stylized facts. Technological progress drives real wages up and expands the amount of available consumption goods. Enjoying … progress moves a poor economy out of a regime with low wages and an inelastic supply of hours worked into a regime where wages …
Persistent link: https://www.econbiz.de/10012925257