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Entrepreneurship requires creativity and business acumen. Creativity may decline with age, but business skills increase with experience in high level positions. Having too many older workers in society slows entrepreneurship. Not only are older workers less innovative, but more significant is...
Persistent link: https://www.econbiz.de/10010950811
Many founding teams of new firms form at a common employer. We model team formation and the entry of employee spinoffs by extending the Jovanovic (1979) theory of job matching and employer learning. In our social-capital model employees learn about their colleagues' characteristics at a faster...
Persistent link: https://www.econbiz.de/10010951257
This paper studies gender spillovers in career advancement using 11 years of employer-employee matched data on the population of white-collar workers at over 4,000 private-sector establishments in Norway. Our data include unusually detailed job information for each worker, which enables us to...
Persistent link: https://www.econbiz.de/10011103495
This paper asks whether disclosing wages to the public changes wage setting at the top of the public sector income … mandate manager wages were already in the public domain. This decline was largely accomplished through nominal pay cuts. The … these sets of cities. Wages were cut irrespective of whether or not they were out of line with (measured) fundamentals …
Persistent link: https://www.econbiz.de/10010950896
employment dynamics are characterized by two dimensional inaction sets. Finally, to understand the effect of these contracts, we …
Persistent link: https://www.econbiz.de/10005710122
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/10005714655
employment protection institutions in Norway. Next, we describe the Norwegian datasets. Finally, we document a large number of …-1997 period covering the core of the manufacturing sector. Information about occupations, monthly wages, hours worked and bonuses …
Persistent link: https://www.econbiz.de/10005718189
Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labor markets. This paper shows that relative-wage compression is conducive to higher employer-initiated job turnover, and argues...
Persistent link: https://www.econbiz.de/10005828807
The paper describes the Swedish wage distribution and how it correlates with worker mobility and plant-specific factors. It is well known that wage inequality has increased in Sweden since the mid-1980s. However, little evidence has so far been available as to whether this development reflects...
Persistent link: https://www.econbiz.de/10005830113
I estimate the relative magnitudes of worker switching costs and how much the employer switching of experienced engineers responds to outside wage offers. Institutional features imply that voluntary turnover dominates switching in the market for Swedish engineers from 1970--1990. I use data on...
Persistent link: https://www.econbiz.de/10005109524