Showing 1 - 10 of 56
Sectoral contracts in many European countries set wage floors for different occupation groups. In addition, employers … often pay a wage premium (or wage cushion) to individual workers. We use administrative data from Portugal, linked to … collective bargaining agreements, to study the interactions between wage floors and wage cushions and quantify the impact of …
Persistent link: https://www.econbiz.de/10014088812
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...
Persistent link: https://www.econbiz.de/10013135650
potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since … not working significantly reduce wage pressures in the United States. This finding holds in panel data with state and year …
Persistent link: https://www.econbiz.de/10014078744
Using longitudinal employer-employee data spanning over a 22-year period, we compare age-wage and age … ages, wages increase in line with productivity gains but as prime-age approaches, wage increases lag behind productivity …-level productivity exceeds their contribution to the wage bill. On the methodological side, we note that failure to account for the …
Persistent link: https://www.econbiz.de/10013139052
condition on the ethnic complexion of employees at the workplace. Instead, the wage penalty is attached to the percentage of non …
Persistent link: https://www.econbiz.de/10012962305
expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement … incentives, e.g., social security wealth or health status, the steepness of the wage profile will have different incentives for …
Persistent link: https://www.econbiz.de/10013016305
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 the (public-private) wage gap into a component explained by differences in …
Persistent link: https://www.econbiz.de/10014083859
This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...
Persistent link: https://www.econbiz.de/10013117400
Italy's secondary school system has faced funding constraints for many years which limits availability of new permanent job slots for teachers. When permanent posts do arise they are allocated mostly on seniority while merit only plays a small role. Thus, the age distribution of teachers in...
Persistent link: https://www.econbiz.de/10012823327
This paper provides an overview of recent research on dual labour markets. Theoretical and empirical contributions on the labour-market effects of dual employment protection legislation are revisited, as well as factors behind its resilience and policies geared towards correcting its negative...
Persistent link: https://www.econbiz.de/10012870446