We develop an equilibrium model of wages and estimate it using administrative data from Norway. Coworkers interact … through a task-assignment model, and wages are determined through multi-lateral bargaining over the surplus that accrues to … the workforce. Seniority affects wages through workplace output and relative bargaining power. These channels are …

This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages … we observe outside wages only at job start and job separation, our empirical analysis of within job wage growth is based … on expected wage growth conditional on the outside wages at both dates. Our modelling allows testing of the efficient …

associated with higher job mobility. At firm level, there seems to be a trade-off between wages and job stability: High …-wage firms tend to be low-tenure firms, which suggests that low job stability may be compensated by higher wages. High …

controlled for there is a further pervasive source of bias, namely the co-movement of firm employment and firm wages. In a simple … aggregate or firm level) to firm's employment and wages cause downward bias in OLS regression estimates of RTT. We show that the … between 3.5% and 4.5% of wages at 20 years of tenure — over 80% (50%) of the estimated RTT level itself. The results extend to …

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that … loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became … significantly less present-based and were inclined to be more trustworthy after being primed by Confucianism. Combining the evidence …

on two social norms associated with Confucianism: the unequal gender division of childcare within a household and the …

cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s … reduction in market time, with the free-up time in Japan reallocated to leisure and personal maintenance, while in Korea the …