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immigrants' wages are the lowest of all workers due to their ineligibility for unemployment benefits and lower wage bargaining …, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter … effect if it targets employed workers because this leads to a risk premium in their wages. Finally, I present empirical …
Persistent link: https://www.econbiz.de/10011688026
This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Persistent link: https://www.econbiz.de/10011306109
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/10011864583
wage bin throughout the monthly wage distribution. We find that, after one month, wages increased by 17 to 37 percent for …
Persistent link: https://www.econbiz.de/10012495684
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10013390926
wages and workers cannot commit to not searching on the job. The resulting progression of wages (from firms paying just … growth are negatively correlated with initial wages. …
Persistent link: https://www.econbiz.de/10014434270
social ties do not exist? Third, does the existence of social ties have spill-over effects on wages and hiring in competitive …
Persistent link: https://www.econbiz.de/10011997078
Persistent link: https://www.econbiz.de/10003499576
provides a theory of job-to-job transitions that are associated with voluntary or involuntary mobility and with wage rises or …
Persistent link: https://www.econbiz.de/10009500750
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10009273921