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Buch, Claudia M. - 2013

-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970-2004, we document how the volatility of hours worked and of wages of workers at different skill levels …

Persistent link: https://www.econbiz.de/10013095840

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

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

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

The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms

Daveri, Francesco - 2010

Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...

Persistent link: https://www.econbiz.de/10013137867

Educational and Wage Risk : Social Insurance vs. Quality of Education

Schindler, Dirk; Weigert, Benjamin - 2021

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10013316416

Restrictive Immigration Policy in Germany : Pains and Gains Foregone?

Felbermayr, Gabriel; 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

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

Hours Worked in Europe and the US : New Data, New Answers

Bick, Alexander - 2016

We use national labor force surveys from 1983 through 2011 to construct hours worked per person on the aggregate level and for different demographic groups for 18 European countries and the US. We find that Europeans work 19% fewer hours than US citizens. Differences in weeks worked and in the...

Persistent link: https://www.econbiz.de/10012981284

Efficiency, Fairness, and Social Cohesion in Europe and the United States : Incomes, Hours of Work, and Equality with an Afterthought on Iceland

Gylfason, Thorvaldur - 2016

The paper discusses the European Union as a union of primarily small European states, a union whose parallel emphasis on efficiency and fairness, including deep respect for human rights, holds the key to Europe's economic and social advances over the years. The paper shows that adjusting...

Persistent link: https://www.econbiz.de/10012982523