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While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10005822952
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010267397
How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the capitalization of firms' local banks. The evidence comes from firms offering (quasi-) fixed employment to workers whose productivity depends on the weather. Weather risk reduces this...
Persistent link: https://www.econbiz.de/10013426368
share of females reducing the wage level. These results are compatible with a theory where job promotion is an important … factor of wage increases: if more females are to be mentored, less promotion slots are available for males, but also the …
Persistent link: https://www.econbiz.de/10005822167
Since the early seventies, hundreds of authors have calculated gender wage differentials between women and men of equal … productivity. Consequently, estimates for the gender wage gap have been published for the most diverse countries at different … points in time. This metastudy provides a quantitative review of this vast amount of empirical literature on gender wage …
Persistent link: https://www.econbiz.de/10005822653
In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are not caused by changes in the sample design and reduced willingness to...
Persistent link: https://www.econbiz.de/10005822824
Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. There is a lot of heterogeneity in the types of apprenticeships offered, and there might be an important element of selection in who obtains an apprenticeship, and what type. To...
Persistent link: https://www.econbiz.de/10005822986
endogeneity concerns arising in this context, we estimate time-invariant firm-specific wage components and use them as instruments …
Persistent link: https://www.econbiz.de/10011307387
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/10011307402
This paper evaluates the impact of economic and legal variables on wage differentials between men and women. Since … international data set on the gender wage gap, which is constructed via a metaanalysis of existing studies. The findings show that … both increased competition and the enactment of equal treatment laws reduce the gender wage gap. …
Persistent link: https://www.econbiz.de/10010261556