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Scars of Recessions in a Rigid Labor Market
Cockx, Bart - 2015
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10013025973
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer - 2014
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10013047321
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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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Earnings Instability and Tenure
Cappellari, Lorenzo; Leonardi, Marco - 2021
We study the effect of tenure on earnings instability in Italy using two alternative estimation strategies. First we … and across birth cohorts in estimation. We use the two approaches also to evaluate earnings instability associated with …
Persistent link: https://www.econbiz.de/10013315811
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Market Externalities of Large Unemployment Insurance Extension Programs
Lalive, Rafael - 2013
This paper offers quasi experimental evidence of the existence of spillover effects of UI extensions using a unique program that extended unemployment benefits drastically for a subset of workers in selected regions of Austria. We use non-eligible unemployed in treated regions, and a...
Persistent link: https://www.econbiz.de/10013075133
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Hourly Wage Rate and Taxable Labor Income Responsiveness to Changes in Marginal Tax Rates
Blomquist, Soren - 2009
Recently, a voluminous literature estimating the taxable income elasticity has emerged as an important field in empirical public economics. However, to a large extent it is still unknown how the hourly wage rate, an important component of taxable income, reacts to changes in marginal tax rates....
Persistent link: https://www.econbiz.de/10013160042
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Work and Wage Dynamics Around Childbirth
Ejrnaes, Mette - 2012
identification. On the return to work after the birth, mothers' wages drop by 3 to 5.7 per cent per year of leave. We find negative …
Persistent link: https://www.econbiz.de/10013111832
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Skill Premiums and the Supply of Young Workers in Germany
Glitz, Albrecht - 2017
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10012949376
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CEO Compensation
Frydman, Carola; Jenter, Dirk - 2021
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10013316120
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Real and Nominal Wage Adjustment in Open Economies
Forslund, Anders - 2013
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural … factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages … equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the mid 1990s …
Persistent link: https://www.econbiz.de/10012754391