, we find that household characteristics explain about 25% of the dispersion in wages within an age group in all three … countries. Second, the cross-sectional variance of wages is almost linearly increasing in household age in all three countries …

Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of … finds supportive evidence: wages rise with occupational earnings variance and decrease with skewness. In order to identify …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …

the labor market. Its impact on employment, wages and wealth depends crucially on the design of immigration policy …

knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …

's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of …