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We use Michigan Panel Study of Income Dynamics data and data from a 2008 telephone survey of adults conducted by Westat …. Further, our PDII survey results show that it is feasible to collect actual experience data in cross-sectional telephone …
Persistent link: https://www.econbiz.de/10009310711
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...
Persistent link: https://www.econbiz.de/10011391687
Using linked employer-employee data, I compute firm-level measures of the labor supply elasticity facing each private non-farm firm in the US. I provide the first direct evidence of the positive relationship between a firm's labor supply elasticity and the earnings of its workers. I also...
Persistent link: https://www.econbiz.de/10009730795
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10011647664
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10011612751
Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people's willingness to engage in those activities voluntarily. We propose a simple rationale for this "crowding out" phenomenon, using standard economic arguments. The...
Persistent link: https://www.econbiz.de/10010345273
This paper asks how deregulation intended to promote competition in the commercial banking industry affected the … over time to identify the effects of deregulation. Banking deregulation had no effect on compensation levels or inequality …, between-establishment inequality increased dramatically. Deregulation also led to increases in inequality among managers …
Persistent link: https://www.econbiz.de/10003278941
"After a period of regulatory changes in the early 1980s we are faced with "new" freight transportation labor markets in the U.S. Using data from the 1984-1999 Current Population Survey, we examine trends in the wages of workers within freight transportation, with a focus on wage differentials...
Persistent link: https://www.econbiz.de/10003429625
In this paper I examine changes in self-employment that have occurred since the early 1980s in the United States. It is a companion paper to a recent equivalent paper relating to the UK. Data on random samples of twenty million US workers are examined taken from the Basic Monthly files of the...
Persistent link: https://www.econbiz.de/10003571665
Using state-level data for the period 1990 through 2007, we estimate the effect of legalizing medical marijuana on suicide rates. Our results suggest that the passage of a medical marijuana law is associated with an almost 5 percent reduction in the total suicide rate, an 11 percent reduction in...
Persistent link: https://www.econbiz.de/10009529493