Showing 1 - 10 of 316
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information
Persistent link: https://www.econbiz.de/10013160522
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
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
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
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 gives rise to variation in ICT skills across countries and German … municipalities. We find that a one-standard-deviation increase in ICT skills raises earnings by about 25 percent. Exogenous broadband …
Persistent link: https://www.econbiz.de/10012997356
How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and … skills, while firms require and value different combinations of these skills. Assuming that match productivity exhibits … wages. We find that firms value cognitive skills on average almost twice as much as interpersonal and manual skills, and …
Persistent link: https://www.econbiz.de/10012912688
This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using … important reliance on technology. In particular, the paper focuses on the role of other firms' productivity as well as … productivity shifters in affecting own firm-level total factor productivity. In addition, this paper examines the possible …
Persistent link: https://www.econbiz.de/10013052092
context, we examine ideas production and international knowledge spillovers in a panel of 31 EMEs by accounting for six … diffusion channels and two types (national versus USPTO) of patent filings. Knowledge spillovers to EMEs accruing from (i) the …) those within the regional clusters of EMEs, are modeled. Spillovers from the industrialized world appear robust via …
Persistent link: https://www.econbiz.de/10012930598
We determine workforce composition and wages in firms in the presence of productivity spill-overs between co …-workers. In equilibrium, workers' wages depend on the production structure of firms, own group size, and aggregate workforce … positive effect of workforce diversity and a negative effect of own group size on wages, which suggest that workers of …
Persistent link: https://www.econbiz.de/10013031991
When searching for productivity spillovers from foreign firms, a firm is typically classified as foreign using a low … spillovers. Adopting this alternate definition of what is foreign turns out to be pivotal for identifying spillovers: while we … find no horizontal productivity effects using the low threshold direct ownership definition, we find positive and …
Persistent link: https://www.econbiz.de/10012913192