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establishment growth, vacancy filling and entry wages, we calibrate a model with directed search and ex-ante heterogeneous workers … response of vacancy filling to firm-level wages. We discuss the implications of this finding as well as potential resolutions …
Persistent link: https://www.econbiz.de/10012480770
marginal productivity of different categories of workers with the wages they earn. Under certain conditions, the wage premiums …
Persistent link: https://www.econbiz.de/10012468520
Several empirical regularities motivate most theories of the distribution of labor earnings. Earnings distributions tend to be skewed to the right and display a long right tail. The are leptokurtic (positive fourth cumulant) and have a fat tail. Mean earnings always exceed median earnings and...
Persistent link: https://www.econbiz.de/10012472440
The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of … tenures typically earn higher wages tends to support these views, yet this evidence ignores the decisions that have brought … individuals to the combination of wages, job tenure, and experience that are observed in survey data. Allowing for sources of bias …
Persistent link: https://www.econbiz.de/10012475741
Numerous studies have shown large differences in wages for apparently similar workers across industries. These findings … that they have failed to distinguish between union and nonunion workers. Many economists may expect union workers wages to … be set in a noncompetitive fashion but would be surprised if nonunion wages were. We examine the differences in wages …
Persistent link: https://www.econbiz.de/10012476797
's assumption that wage bargainers are influenced by relative money wages rather than relative real wages. In Taylor's model money … that wage bargainers are influenced by relative real wages, which we consider somewhat more plausible, has some interesting …
Persistent link: https://www.econbiz.de/10012478589
. The value of nonemployment is therefore a key determinant of wages. We measure the wage effect of changes in the value of … large reforms of unemployment insurance (UI) benefit levels in Austria. We document that wages are insensitive to UI benefit … sensitivities larger than $0.03. The insensitivity holds even among workers with low wages and high predicted unemployment duration …
Persistent link: https://www.econbiz.de/10012480881
productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … deferred wages. We find a productivity premium for marriage equal to that of the wage premium, and a productivity premium for …
Persistent link: https://www.econbiz.de/10012468369
in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be …
Persistent link: https://www.econbiz.de/10012474741
We adapt the wage contracting structure in Chari (1983) to a dynamic, balanced-growth setting with re-contracting à la Calvo (1983). The resulting wage-rigidity framework delivers a model very similar to that in Jaimovich and Rebelo (2009), with their habit parameter replaced by our probability...
Persistent link: https://www.econbiz.de/10012794568