Showing 1 - 10 of 2,908
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany … relative importance of particular frequencies for the behavior of real wages. In the time domain we find that both real wages …
Persistent link: https://www.econbiz.de/10010274586
positive correlation between the cyclicality of real wages and employment, suggesting that policy complementarities may …We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle … across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show …
Persistent link: https://www.econbiz.de/10010275887
, 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 …
Persistent link: https://www.econbiz.de/10010271322
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 …
Persistent link: https://www.econbiz.de/10010262477
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10010272949
efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also …
Persistent link: https://www.econbiz.de/10010268676
basis of a microsimulation model which accounts for the complex interactions between individual wages, the tax … reducing income inequality, even if it led to a substantial increase in hourly wages at the bottom of the wage distribution …
Persistent link: https://www.econbiz.de/10010269901
This paper reviews Jacob Mincer?s contributions to the analyses of earnings and the distribution of earnings through his pioneering focus on labor market experience or on-the-job training. It begins with a brief discussion of the theoretical literature on the distribution of earnings in the...
Persistent link: https://www.econbiz.de/10010261574
We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms …
Persistent link: https://www.econbiz.de/10010262702
This paper investigates the effects of legal minimum wages on wages, employment, hours worked and monthly earnings … Costa Rica. This country?s large uncovered sector and complex minimum wage policy, which has for decades set numerous wages … minimum wages. We find that legal minimum wages have a significant positive effect on the wages of workers in the covered …
Persistent link: https://www.econbiz.de/10010261907