Showing 1 - 10 of 652
It is widely believed that rent-sharing reduces the incentives for investment when long term contracts are infeasible because some of the returns to sunk capital are captured by workers. We propose a simple test for the degree of hold-up based on the fraction of capital costs that are deducted...
Persistent link: https://www.econbiz.de/10013118528
We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...
Persistent link: https://www.econbiz.de/10013324883
Minimum wages have been among the most controversial government interventions in labor markets. There have been several waves of minimum wage activity over the past century, beginning with a 1912 Massachusetts law. Since 1938 minimum wages in the United States have been set by a complex array of...
Persistent link: https://www.econbiz.de/10012841004
Whilst existing efficiency wage literature assumes detection probabilities of shirkers are exogenous, this paper finds them positively and endogenously dependent on non-shirkers' effort. It shares the result with the endogenous monitoring models where, in some regions, workers reduce effort in...
Persistent link: https://www.econbiz.de/10013127310
We estimate the wage penalty associated with working in the South African informal sector.To this end we use a rich data set on non-self employed males that allows one to accuratelydistinguish workers employed in the informal sector from those employed in the formal sectorand link individuals...
Persistent link: https://www.econbiz.de/10005861425
Using nationally representative, longitudinal data from the first 14 waves of the BritishHousehold Panel Survey we examine the labour market returns to inter-regional migration inGreat Britain...
Persistent link: https://www.econbiz.de/10005861658
This paper presents and analyses the sharp increase in hourly wage inequality after 1998 inPoland. The increase was similar in magnitude to the much-studied increase in British wageinequality during the 1980s. Using data from the Polish Labour Force Survey, we find thisincrease to be associated...
Persistent link: https://www.econbiz.de/10005863246
Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within employment matches. To address both concerns, we estimate...
Persistent link: https://www.econbiz.de/10014351463
This note investigates the effects of the education level, product market rigidities andemployment protection legislation on growth. It exploits macro-panel data for OECDcountries...
Persistent link: https://www.econbiz.de/10005861411
Implementing performance pay requires that workers' output be measured. Whenmeasurement costs differ among firms, those with a measurement cost advantage choose toimplement performance pay. They attract the best workers, and both the level and variabilityof compensation are higher at these firms...
Persistent link: https://www.econbiz.de/10005862076