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Do the retirement patterns of public-sector workers differ from those in the private sector? Most private-sector workers today face a do-it-yourself retirement income landscape characterized by an exposure to market forces through defined-contribution pension plans and private saving, and the...
Persistent link: https://www.econbiz.de/10012911493
Arguments in favor of school choice depend on the idea that competition between schools improves the quality of education. However, we have almost no empirical evidence on whether competition actually affects school quality. In this study, I examine the effects of inter-school competition on...
Persistent link: https://www.econbiz.de/10013216861
This paper contrasts the differing experience of public sector unionism, which has expanded in the United States, and private sector unionism, which has contracted, in the past several decades. It uses the experience of other countries, particularly Canada, to rule out some explanations of the...
Persistent link: https://www.econbiz.de/10013218530
that this difference may in part be due to the differing legal environments in which public and private sector unions …
Persistent link: https://www.econbiz.de/10013219710
Studies of public/private sector wage differentials typically assume that the govenment and union status of a worker are exogenous variables. Recently, some studies have relaxed this assumption slightly by allowing the union status to be endogenous. In this paper, we consider a more general...
Persistent link: https://www.econbiz.de/10013235892
Between 1940 and 1950 wage differentials within and between labor market groups narrowed significantly - the so-called 'Great Compression'. This paper disaggregates the Great Compression into its public and private components. Wage compression in the public sector, along with a decline in the...
Persistent link: https://www.econbiz.de/10013237561
The wage structure in the U.S. public sector responded sluggishly to substantial changes in private sector wages during the 1970s and 1980s. Despite a large expansion in the college/high school wage differential during the 1980s in the private sector, the public sector college wage premium...
Persistent link: https://www.econbiz.de/10013309232
Estimates are presented of the inverse elasticity of supply of nursing services to the individual hospital, a quantity which is a natural measure of employer market power. The estimates corresponding to employment changes taking place over one year are quite high (in the neighborhood of 0.79)...
Persistent link: https://www.econbiz.de/10012777161
considerable degree of monopsony. We replicate the absence of round number discontinuities in firm labor supply in matched worker … the bunching in the data. The extent of monopsony power implied by our estimated labor supply elasticities, which are in … labor without being driven out of the market in the presence of monopsony power …
Persistent link: https://www.econbiz.de/10012911485
How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We …
Persistent link: https://www.econbiz.de/10012890473