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I identify wage spillovers from the public to the corporate sector with the help of a large and sudden public sector wage increase, which raised real compensation by 40 percent in two years, changing the average public wage premium from minus 10 to plus 12 percent. Using a dataset covering about...
Persistent link: https://www.econbiz.de/10009777765
the pay received by all public sector workers to align the distribution of wages with the private sector reduces steady …
Persistent link: https://www.econbiz.de/10011738878
We examine the interactions between public and private sector wages per employee in OECD countries. The growth of … public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover, total … private sector wages. We then set up a dynamic labour market equilibrium model with two sectors, search and matching frictions …
Persistent link: https://www.econbiz.de/10009303460
selection; the observed average gap in hourly wages of 35 log points is reduced to 20 when accounting for observed …
Persistent link: https://www.econbiz.de/10010380867
-sector wages, more nepotism in public-sector hiring lowers the unemployment rate because it limits the size of queues for public …
Persistent link: https://www.econbiz.de/10012194928
The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium life-cycle model with incomplete markets, private and public sectors, and risk-averse workers, and use it to (i) calculate three dimensions of...
Persistent link: https://www.econbiz.de/10012184057
the labor force depend crucially on the structure of the labor market. An increase of skilled public-sector wages has a …
Persistent link: https://www.econbiz.de/10014230176
unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …
Persistent link: https://www.econbiz.de/10011596110
We assess the labor market experiences of military veterans, focusing on three major outcomes, among others, controlling for a wide array of demographic characteristics and industry and occupational fixed effects. First, we find that male and female veterans receive civilian earnings nearly...
Persistent link: https://www.econbiz.de/10012603869
This paper studies the wage differentials between the public and private sectors in Spain, as well as its distribution across different educational levels and by gender. To do so, the well-known Oaxaca-Blinder decomposition of mincerian wage regressions is applied for both sectors, breaking down...
Persistent link: https://www.econbiz.de/10012886756