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, the government faces recruitment problems. The optimal steady-state wage premium depends mainly on the labour market … the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers …
Persistent link: https://www.econbiz.de/10013135824
Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...
Persistent link: https://www.econbiz.de/10013158513
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 investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched … employer-employee data set covering the period 1995-2002. Findings show the existence of large and persistent wage … hypothesis that workers with better unmeasured abilities are over-represented in high-wage sectors may not be rejected on the …
Persistent link: https://www.econbiz.de/10012779134
positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively …
Persistent link: https://www.econbiz.de/10012911172
This paper studies the relationship between employment and wage structures in West Germany based on the IAB employment … as important dimensions of heterogeneity. After having identified cohort effects in skill wage premia and in the … simulate the magnitude of wage changes within the respective skill groups that would have been necessary to halve skill …
Persistent link: https://www.econbiz.de/10012773848
independence. In short, they climb the career ladder. Climbing the career ladder explains 50% of wage growth and virtually all of … rising wage dispersion. The increasing gender wage gap by age parallels a rising hierarchy gap. Our findings suggest that … wage dynamics are shaped by the organization of production, which itself likely depends on technology, the skill set of the …
Persistent link: https://www.econbiz.de/10012910732
We present new evidence on the wage and mobility of young and old workers, which is difficult to explain using standard … factor driving the lower mobility among this group. Because of the higher moving costs, older workers require a higher wage …
Persistent link: https://www.econbiz.de/10013016241
Economic conditions at the time of labour market entry can induce wage differentials between workers entering the … labour market at different points in time. While the existence and persistence of these entry wage differentials are well … area by analyzing the interaction between job mobility and entry wage differentials using German administrative data. The …
Persistent link: https://www.econbiz.de/10013141755
the new German Administrative Wage and Labor Market Flow Panel (AWFP) dataset to the IAB Establishment Panel. We show that …
Persistent link: https://www.econbiz.de/10012926732