, are the first to leave the firm (Last In, First Out; LIFO). Second, workers’ wages rise with seniority (= a worker … to seniority in wages. Efficiency in hiring requires the workers’ bargaining power to be in line with their share in the …

unions can be desirable for income redistribution. Unions bargain with firms over wages in each sector and firms unilaterally … determine employment. Unions raise the efficiency costs of income redistribution, because unemployment benefits and income taxes …This paper extends the Diamond (1980) model with labor unions to study optimal income taxation and to analyze whether …

wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …

This research documents changes in employment and wages in the Netherlands for different types of workers. We compare … 2017 to 2023 using regression-adjusted wages to make sure changes in composition of the workforce do not influence our … slightly fallen. Wages have been rising for workers at the bottom of the wage distribution. From the median of the wage …

altruistic managers may offer lower wages and nevertheless build up better social-exchange relationships with their employees …

wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested …. We perform tests with matched worker-firm data. The worker data are informative on individual wages and labor market … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct …

ability has a stronger impact on entrepreneurial incomes than on wages. Entrepreneurs and employees benefit from different … sets of specific abilities: Language and clerical abilities have a stronger impact on wages, whereas mathematical, social …