Showing 1 - 10 of 76
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...
Persistent link: https://www.econbiz.de/10013143682
Drawing upon data from the largest cross-country study of labor market concentration to date, this paper analyzes the level of concentration of labor input markets in Europe and North America and provides a comparative perspective on employers' monopsony power. It explores the characteristics of...
Persistent link: https://www.econbiz.de/10014243403
The paper uses a new German employer survey on wage setting practices to analyze incidence and sources of nominal wage … rigidity in services vs. manufacturing. We observe that wage freezes are significantly more frequent and wage cuts less … frequent in services. Reasons preventing wage cuts reported by employers suggest that fear of excess worker turnover could …
Persistent link: https://www.econbiz.de/10012765312
This paper investigates the effects of labour market institutions on wage persistence among young European workers at … labour market institutions explain wage persistence. In particular, we find that a high level of employment protection … legislation and a high level of bargaining centralization increase wage persistence …
Persistent link: https://www.econbiz.de/10012777447
Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly … shocks that increase concentration will also lead to an increase in wage dispersion between firms. Empirically, we use …-tically significant correlation between concentration and between-firm wage inequality, driven by increases in market shares and wages in …
Persistent link: https://www.econbiz.de/10012826722
Gender wage and employment gaps are negatively correlated across countries. We argue that non-random selection of women … into work explains an important part of such correlation and thus of the observed variation in wage gaps. The idea is that …, if women who are employed tend to have relatively high-wage characteristics, low female employment rates may become …
Persistent link: https://www.econbiz.de/10013318031
In European Welfare States, unskilled workers are typically unionized, while the wage formation of skilled workers is … wage formation, employment and welfare in dual domestic labour markets. Higher productivity of outsourcing, lower cost of … outsourcing and lower factor price of outsourcing increase wage dispersion between the skilled and unskilled workers. Increasing …
Persistent link: https://www.econbiz.de/10013324970
High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E …
Persistent link: https://www.econbiz.de/10012765086
We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable...
Persistent link: https://www.econbiz.de/10014083737
SILC panels to control for composition effects, we estimate the elasticities of real wage growth to unemployment increases … most of the stagnation or increase in the average wage observed in some countries from 2008 to 2011.In contrast, at a … nominal wage rigidity during the Great recession in most countries in our sample …
Persistent link: https://www.econbiz.de/10013012041