Showing 1 - 10 of 1,152
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
Transfers from parents--either in the form of gifts or inheritances--have received much attention as a source of inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total Inflows available to an individual (defined as the...
Persistent link: https://www.econbiz.de/10012814468
Recent development of explicit theoretical and empirical earnings functions from life cycle human capital investment models increases the potential to explain existing earnings distributions and to predict changes in it. The purpose of this paper is to suggest how these earnings functions can be...
Persistent link: https://www.econbiz.de/10012479116
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … emphasis on cross-country comparisons. Most, but not all, countries experienced substantial increases in wages and earnings …
Persistent link: https://www.econbiz.de/10012463095
We study the dynamics of the distribution of overlapping generation economy with finitely lived agents and inter-generational transmission of wealth. Financial markets are incomplete, exposing agents to both labor income and capital income risk. We show that the stationary wealth distribution is...
Persistent link: https://www.econbiz.de/10012463917
This study provides direct evidence concerning the relationship between experience and performance among managerial and professional employees doing similar work in two major U. S. corporations. The facts presented indicate that while, within grade levels, there is a strong positive association...
Persistent link: https://www.econbiz.de/10012478541