college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

study the labour market effects of public sector employment and wages. Public sector wages plays an important role in … achieving the efficient allocation. High wages induce too many unemployed to queue for public sector jobs, while if they are low … friction parameters. In response to technology shocks, it is optimal to have procyclical public sector wages. Deviations from …

rationalize this by assuming that idiosyncratic non-pecuniary conditions interact with money wages in workers' decisions to work …

short-run wages, but fared significantly better in the longer run. Second, we compare labor market outcomes of subsidized … wages of workers would not have differed significantly, if they had been hired in another industry instead. However, we find … significant differences in short-term wages, employment and tenure outcomes across industries. Finally, from a fiscal point of …

This study compares the determinants of productivity and wages at both firm and worker level. In the firm …