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knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
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(job security, health, subjective job quality, and wages). Worker voice slightly raised firm survival, productivity, and …
Persistent link: https://www.econbiz.de/10012486389
We use data on wages and rents in different U.S. cities to assess the amenity effects on production and consumption of …
Persistent link: https://www.econbiz.de/10011404281
Using an originally constructed dataset that follows 30,000 Italian individuals from high school to the labor market, we analyze whether the gender composition of peers in high school affected their choice of college major, their academic performance and their labor market income. We exploit the...
Persistent link: https://www.econbiz.de/10011515310
We provide a comprehensive overview of codetermination, i.e., worker representation in firms' governance and management. We cover the institution’s history, implementation, and the best available evidence on its economic impacts. We argue that existing quasi-experimental estimates suggest that...
Persistent link: https://www.econbiz.de/10012550209
The German law on co-determination at the plant level (Betriebsverfassungsgesetz) stipulates that works councilors are neither to be financially rewarded nor penalized for their activities. This regulation contrasts with publicized instances of excessive payments. The divergence has sparked a...
Persistent link: https://www.econbiz.de/10012438474
1976. I find that regional wages decline between 1962 and 1968, before returning to their pre-shock level 15 years after …. While regional wages recovered, this particular supply shock had persistent distributional effects. By increasing the …
Persistent link: https://www.econbiz.de/10011701511
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/10011646817
normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …
Persistent link: https://www.econbiz.de/10012534545