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The Unexpected Long-Run Impact of the Minimum Wage : An Educational Cascade

Sutch, Richard C. - 2010

Neglected, but significant, the long-run consequence of the minimum wage - which was made national policy in the United States in 1938 - is its stimulation of capital deepening. This took two forms. First, the engineered shortage of low-skill, low-paying jobs induced teenagers to invest in...

Persistent link: https://www.econbiz.de/10013138315

Labor in the Boardroom

Jäger, Simon - 2019

We estimate the wage effects of shared governance, or codetermination, in the form of a mandate of one third of corporate board seats going to worker representatives. We study a reformin Germany that abruptly abolished this mandate for stock corporations incorporated after August 1994, while it...

Persistent link: https://www.econbiz.de/10012858402

When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation

Cicala, Steve - 2014

This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated plants substantially reduce the price paid for coal (but...

Persistent link: https://www.econbiz.de/10013054040

Labour Market Regulations and Capital Intensity

Cette, Gilbert - 2016

On the basis of a country*industry unbalanced panel data sample for 14 OECD countries and 18 industries covering the years 1988 to 2007, this study proposes an econometric investigation of the effects of the OECD Employment Protection Legislation (EPL) indicator on capital intensity for four...

Persistent link: https://www.econbiz.de/10012983663

Labor Market Effects of Population Aging

Börsch-Supan, Axel H. - 2021

This paper analyzes effects of population aging on the labor market and determines their broad implications for public policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The paper argues that, alongside the amply discussed,...

Persistent link: https://www.econbiz.de/10013216487

High Wage Workers and High Wage Firms

Abowd, John M.; Kramarz, Francis; Margolis, David N. - 2021

We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the...

Persistent link: https://www.econbiz.de/10013224190

Labor Hoarding, Inflexible Prices, and Procyclical Productivity

Rotemberg, Julio J.; Summers, Lawrence H. - 2021

Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured using labor's share in revenues to be procyclical. We show that, even with perfect competition, a small amount of price rigidity - we assume firms...

Persistent link: https://www.econbiz.de/10013249250

The Impact of the Civil War on Capital Intensity and Labor Productivity in Southern Manufacturing

Hutchinson, William K.; Margo, Robert A. - 2021

The Civil War resulted in a substantial divergence in the regional structure of factor prices. In particular, wages fell in the South relative to the non-South, but interest rates and other measures of the costs of capital increased. Using archival data for manufacturing establishments, we show...

Persistent link: https://www.econbiz.de/10013210670

Exceptional Exporter Performance : Cause, Effect, or Both?

Bernard, Andrew B.; Jensen, J. Bradford - 2021

on one point: good firms become exporters, both growth rates and levels of success measures" are higher ex-ante for … exporters. The benefits of exporting for the firm are less clear. Employment" growth and the probability of survival are both … higher for exporters; however growth is not superior, particularly over longer horizons …

Persistent link: https://www.econbiz.de/10013246269

A Theory of Factor Allocation and Plant Size

Holmes, Thomas J.; Mitchell, Matthew F. - 2022

) the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation …

Persistent link: https://www.econbiz.de/10013308369

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