Showing 1 - 10 of 148
We develop a model in which firms hire heterogeneous workers but must offer all workers insurance benefits under … similar terms. In equilibrium, some firms offer free health insurance, some require an employee premium payment and some do … not offer insurance. Making the employee contribution pre-tax lowers the cost to workers of a given employee premium and …
Persistent link: https://www.econbiz.de/10012756870
The employment and hours worked of young individuals fluctuate much more over the business cycle than those of prime-aged individuals. Understanding the mechanism underlying this observation is key to explaining the volatility of aggregate hours over the cycle. We argue that the joint behavior...
Persistent link: https://www.econbiz.de/10012757916
Persistent link: https://www.econbiz.de/10012757924
High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E.U. We study the reallocation of workers from middle-skill occupations towards the tails of the occupational skill distribution by analyzing changes in age structure within and...
Persistent link: https://www.econbiz.de/10012757995
Technological change was unskilled-labor-biased during the early Industrial Revolution, but is skill-biased today. This is not embedded in extant unified growth models. We develop a model which can endogenously account for these facts, where factor bias reflects profit-maximizing decisions by...
Persistent link: https://www.econbiz.de/10012758155
This paper examines how shared capitalism compensation systems - those that link employee pay to company performance - affect diverse employee outcomes. It uses two data sets: the national GSS survey that provides a broad representative view of the extent of the programs; and the NBER Shared...
Persistent link: https://www.econbiz.de/10012758505
We introduce worker differences in labor supply, reflecting differences in skills and assets, into a model of separations, matching, and unemployment over the business cycle. Separating from employment when unemployment duration is long is particularly costly for workers with high labor supply....
Persistent link: https://www.econbiz.de/10012759948
Technological change was unskilled-labor-biased during the early Industrial Revolution of the late eighteenth and early nineteenth centuries, but is skill-biased today. This fact is not embedded in extant unified growth models. We develop a model of the transition to sustained economic growth...
Persistent link: https://www.econbiz.de/10012760113
Gains from productivity and knowledge transmission arising from the presence of foreign firms have received a good deal of empirical attention, but theoretical micro-foundations for this mechanism are limited. Here we develop a dynamic model in which foreign experts may train domestic workers...
Persistent link: https://www.econbiz.de/10012760412
Innovation in the U.S. economy is about employing and rewarding highly talented workers to produce new products. Using unique longitudinal matched employer-employee data, this paper makes a key connection between talent and firms in markets with risky product innovations. We show that software...
Persistent link: https://www.econbiz.de/10012760728