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In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and … heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …
Persistent link: https://www.econbiz.de/10012463904
The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of … tenures typically earn higher wages tends to support these views, yet this evidence ignores the decisions that have brought … individuals to the combination of wages, job tenure, and experience that are observed in survey data. Allowing for sources of bias …
Persistent link: https://www.econbiz.de/10012475741
We studied the relation of CEO pay and turnover to performance and characteristics of companies in a new data set that covers large commercial banks over the period 1982-87. For newly hired CEOs, the elasticity of pay with respect to assets is about one-third. As experience increases, the...
Persistent link: https://www.econbiz.de/10012475775
training on turnover and positive effects on wage growth in the firm and over longer periods (1968 to 1983). Wages of trainees …' wages grow less in the long run than those of less frequent movers (stayers), despite wage gains in moving. Mobility wage …
Persistent link: https://www.econbiz.de/10012476374
job changing and the evolution of wages for up to 15 years. Following an initial period of weak attachment to both the … accounts for about two-thirds of the total number of jobs he will hold in his career. The evolution of wages plays a key role … in this transition to stable employment: we estimate that wage gains at job changes account for at least a third of early …
Persistent link: https://www.econbiz.de/10012476415
The starting point of this study is the proposition that intensive formation of human capital on the job is the basic proximate reason for the strong degree of worker attachment to the firm in Japan. The greater emphasis on training and retraining, much of it specific to the firm, results also...
Persistent link: https://www.econbiz.de/10012476762
This paper analyzes economic behavior and the effects of training and income support policies in the low wage labor market for women. The opportunity set takes account of nonlinearities and discontinuities associated with career interruption, part-time work, and government programs. There are...
Persistent link: https://www.econbiz.de/10012477032
the current period movers. Longer-run wage gains are defined as the difference in wages between two successive jobs at the …
Persistent link: https://www.econbiz.de/10012477168
excess supply. The net union premium was estimated by relating changes in wages to changes in union status of the same worker … measured by wages. This conclusion was less reliable for older workers. Subsequent analysis explores the effects of successful … preferring reductions in hours to reductions in men, and it helps to stabilize employment in the face of fluctuating demand, by a …
Persistent link: https://www.econbiz.de/10012478305
This paper examines the impact of a set of nonwage job characteristics on the quit decisions of young and middle-aged men. The empirical analysis shows that young men are less likely to quit "physical" jobs or jobs with bad working conditions but are more likely to quit repetitive jobs. Older...
Persistent link: https://www.econbiz.de/10012478583