Showing 1 - 10 of 77
younger workers, analyzing data from the United States, Italy, Canada, and the United Kingdom. We propose a model of the labor …
Persistent link: https://www.econbiz.de/10014576641
This study investigates the growing wage disparity between older and younger workers in high-income countries. We propose a conceptual framework of the labor market in which firms cannot change the contracts of older employees and cannot freely add higher-ranked positions to their organizations....
Persistent link: https://www.econbiz.de/10014528380
This paper examines the role of spillover effects of minimum wages and threat effects of unionization in changes in wage inequality in the United States between 1979 and 2017. A distribution regression framework is introduced to estimate both types of spillover effects. Threat effects double the...
Persistent link: https://www.econbiz.de/10012482593
We show that a rise in the minimum wage accounts for a large decline in earnings inequality in Brazil since 1994. To this end, we combine rich administrative and survey data with an equilibrium model of the Brazilian labor market. Our results imply that the minimum wage has far-reaching...
Persistent link: https://www.econbiz.de/10012533380
This paper builds, identifies and estimates a model of the labor market that features strategic interactions in wage setting and two-sided heterogeneity in order to shed light on the sources of wage inequality. We provide a tractable characterization of the model equilibrium and demonstrate its...
Persistent link: https://www.econbiz.de/10014544771
We characterize the conditions under which the wage distributions for two groups are consistent with a general model of statistical discrimination. We adapt this theoretical characterization to develop a novel empirical test, the rejection of which we interpret as evidence of taste-based...
Persistent link: https://www.econbiz.de/10014576591
for women is scarce. Using administrative data from Germany, we apply an event study design in combination with propensity …
Persistent link: https://www.econbiz.de/10012629471
quantify the aggregate and distributional effects of spatial frictions that hinder worker mobility across regions in Germany … East and West Germany, especially due to the limited ability of workers to obtain job offers from more distant regions …. Despite the large real wage gap between East and West of Germany, removing the spatial frictions leads, in equilibrium, to …
Persistent link: https://www.econbiz.de/10012533341
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany …
Persistent link: https://www.econbiz.de/10013334381
This paper studies the optimal wage structure of a firm with imperfect monitoring of worker effort. We find that when firms can commit to (implicit) long-term contracts, imperfect monitoring leads to optimal wage profiles that reflect worker seniority. We provide a precise measure of seniority...
Persistent link: https://www.econbiz.de/10014337796