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This paper presents a complete general equilibrium model with flexible wages where the degree to which wages and productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are assumed to bargain simultaneously with many employees,...
Persistent link: https://www.econbiz.de/10012466250
Our study is the first study that addresses the impact of collective bargaining coverage on salaries in academia for employees other than faculty. We use data from a 1997-98 study on the costs of staffing in higher education conducted by the Association of Higher Education Facilities Officers...
Persistent link: https://www.econbiz.de/10012469854
employment in the presence of foreign competition shocks. We exploit the fact that in a small open economy such as Canada the …
Persistent link: https://www.econbiz.de/10012475188
employment from the sixties to the mid-eighties for the United States and Canada. Both value-based and pricebased measures of … domestic market. The import effect on wage rates is also negative for the United States but not for Canada. The import wage … for the U.S. and ambiguous for Canada. For Canada, we also estimate world price effects. Increases in the world import …
Persistent link: https://www.econbiz.de/10012475681
This paper investigates whether peer effects play an important role in retirement savings decisions. We use individual data from the staff of a university to study whether individual decisions to enroll in a Tax Deferred Account plan sponsored by the university (and the choice of the mutual fund...
Persistent link: https://www.econbiz.de/10012471015
In this paper, we analyze the 401(k) savings behavior of employees in a large U.S. corporation before and after an interesting change in the company 401(k) plan. Before the plan change, employees were required to affirmatively elect participation in the 401(k) plan. After the plan change,...
Persistent link: https://www.econbiz.de/10012471079
This study illustrates and interprets changes in pension plan retirement formulas and benefit provisions over the last two decades, using extensive information on private sector pension plans gathered by the U.S. Department of Labor since 1980. Data generated from the Employee Benefits Survey...
Persistent link: https://www.econbiz.de/10012471403
Pension plan descriptions from respondents to the 1992 Health and Retirement Study are compared with descriptions obtained from their employers. Earnings histories reported by respondents are compared with earnings histories from the Social Security Administration. The probability of linking...
Persistent link: https://www.econbiz.de/10012471416
Retirement saving accounts, particularly employer-provided 401(k) plans rapidly in the last decade. More than forty percent of workers are currently eligible for these" plans, and over seventy percent of eligibles participate in these plans. The substantial and" ongoing accumulation of assets in...
Persistent link: https://www.econbiz.de/10012471815
Defined contribution (DC) plans are a major vehicle for retirement savings in the US, holding almost $10 trillion in assets under management. In recent years, the quality and availability of these plans has been the subject of active policy attention and of several major lawsuits. This paper...
Persistent link: https://www.econbiz.de/10013191075