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Changes in Risk and the Demand for Saving
Eeckhoudt, Louis - 2008
How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor-income risk, second-degree increases in risk require prudence...
Persistent link: https://www.econbiz.de/10012770441
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Returns to Tenure or Seniority?
Buhai, Sebastian - 2008
, are the first to leave the firm (Last In, First Out; LIFO). Second, workers' wages rise with seniority (= a worker … to seniority in wages. Efficiency in hiring requires the workers' bargaining power to be in line with their share in the …
Persistent link: https://www.econbiz.de/10012770492
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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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The Effects of Youth Labor Market Reforms : Evidence from Italian Apprenticeships
Albanese, Andrea - 2017
apprenticeship contract and introduced a minimum floor to apprentices' wages. Using administrative data and balancing techniques we …
Persistent link: https://www.econbiz.de/10012954353
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Immigration, Unemployment and Wages : New Causality Evidence from the United Kingdom
Tunali, Cigdem Börke - 2017
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and … unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …
Persistent link: https://www.econbiz.de/10012955276
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Growing Productivity Without Growing Wages : The Micro-Level Anatomy of the Aggregate Labor Share Decline
Kehrig, Matthias - 2017
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10012955279
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Wages, Human Capital, and Structural Transformation
Herrendorf, Berthold - 2017
Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …
Persistent link: https://www.econbiz.de/10012956718
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Asymmetries in Earnings, Employment and Wage Risk in Great Britain
Angelopoulos, Konstantinos - 2017
This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour market quantities for Great Britain. We use data from the British Household Panel Survey (BHPS) for 1991-2008 and from the BHPS sub-sample of Understanding Society for 2010-2014....
Persistent link: https://www.econbiz.de/10012958452
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Workers Beneath the Floodgates : The Impact of Low-Wage Import Competition and Workers' Adjustment
Utar, Hale - 2017
Using employee-employer matched data for the period 1999 to 2010, I analyze the impact of a low-wage trade shock on manufacturing workers in a high-wage country, Denmark, and how they adjust to the shock over a decade. To derive causal effects I exploit the dismantling of import quotas on...
Persistent link: https://www.econbiz.de/10012965630
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Wages Anatomy. Labor Supply of Nurses and a Comparison with Physicians
Andreassen, Leif - 2014
We estimate a dynamic discrete choice model of Registered Nurses' labor supply with random terms. A distinguished feature of our model is that random terms are correlated over time and jobs (habit persistence). Past options and not only the past optimal choices matter for the current choices....
Persistent link: https://www.econbiz.de/10013040495