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The returns to talent or performance have grown over time in developed countries. Is talent concentrated in a few firms or are firms virtual microcosms of the economy, each having close to identical distributions of talent?The data show that talent is not concentrated in a few companies, but is...
Persistent link: https://www.econbiz.de/10012773210
This paper consists of three parts. First, we briefly describe some key features of the labor market in Denmark, some of which contribute to the Danish labor markets behaving quite differently from those in many other European countries. The next two parts exploit detailed linked...
Persistent link: https://www.econbiz.de/10012760107
intuitive theoretical considerations. When viewed as a component of the mix of institutional differences in Europe and North …
Persistent link: https://www.econbiz.de/10013224868
Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 and compare it to the U.S. distribution over the...
Persistent link: https://www.econbiz.de/10014039683
We study the effects of import and export competition on collectively bargained wage settlements and bargaining unit employment from the sixties to the mid-eighties for the United States and Canada. Both value-based and pricebased measures of international competition are considered. We...
Persistent link: https://www.econbiz.de/10013214602
This paper examines the mobility of individuals through the wage and earnings distributions. This is of extreme importance since mobility has a direct implication for the way one views the vast changes in wage and earnings inequality in the United States over the last few decades. The measures...
Persistent link: https://www.econbiz.de/10013225932
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/10012756884
The U.S. both tolerates more inequality than Europe and believes its economic mobility is greater than Europe's. These … spending. In fact, the U.S. and Europe had roughly equal rates of inter-generational occupational mobility in the late … twentieth century. We extend this comparison into the late nineteenth century using longitudinal data on 23,000 nationally …
Persistent link: https://www.econbiz.de/10013235905
This paper seeks to explain the greater hours worked by Americans compared to Germans in terms of forward-looking labor supply responses to differences in earnings inequality between the countries. We argue that workers choose current hours of work to gain promotions and advance in the...
Persistent link: https://www.econbiz.de/10014139637
vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10013141509