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characteristics. We find that industrial wages are positively correlated with value productivity per worker, even after controlling … productivity are uncorrelated across sectors and wages depend on aggregate, rather than sectoral conditions.With regard to the …
Persistent link: https://www.econbiz.de/10012477478
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/10012470681