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the joint results from the wage and rent regressions are consistent with a dominant production amenity effect of cultural … in their wage and in the rental price of their housing. Such finding is economically significant and robust to omitted …
Persistent link: https://www.econbiz.de/10011404281
Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...
Persistent link: https://www.econbiz.de/10011544177
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences … the model in a data-set of five European economies. The model predicts an exporter wage premium, which we find to be … find that openness to international trade has quantitatively important effects, leading to higher wage inequality and lower …
Persistent link: https://www.econbiz.de/10009581985
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011398011
wage and employment structure? Can it contribute shaping the dynamics of wealth-to-income ratio? To answer these questions …s reproduces a non-negligible part of US wage polarization and substantial part of the increase in the wealth …
Persistent link: https://www.econbiz.de/10010417976
A large body of evidence suggests that social comparisons matter for workers' valuation of the wage they receive. The … model of the labor market where workers derive (dis-) utility from comparing their own wage with wages paid at other firms …. As social comparisons become more prevalent all workers are paid higher wages, the wage distribution becomes more equal …
Persistent link: https://www.econbiz.de/10011665750
employers. We also find that there is a positive, albeit quantitatively small, relationship between wage inequality and training …
Persistent link: https://www.econbiz.de/10011704691
correlated with a 1% increase in rent. Market power is substantial: on average, markups account for nearly a third of rents in …
Persistent link: https://www.econbiz.de/10012421225
the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …
Persistent link: https://www.econbiz.de/10012597680
Persistent link: https://www.econbiz.de/10003624522