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job training on wage rates across firms with a weighted-average of the contrast in wages between different firms for a … fixed level of training. Thus, Lee bounds set identifies a policy-relevant estimand only when firms pay homogeneous wages … training on wage rates at each firm which leverage information on firm-specific wages. We illustrate our partial identification …
Persistent link: https://www.econbiz.de/10015072893
determine the probability of receiving training and its effect on wages and wage growth of young workers. More specifically …
Persistent link: https://www.econbiz.de/10012476182
The object of this paper is to show how population growth, through its interaction with recent technological and organizational developments, can account for many of the cross-country differences in economic outcome observed among industrialized countries over the last 20 years. In particular,...
Persistent link: https://www.econbiz.de/10012470577
Our paper documents the large labor market wedges created by taxes, subsidies, and regulations included in the Affordable Care Act. The law changes terms of trade in both goods and factor markets for firms offering health insurance coverage. We use a multi-sector (intra-national) trade model to...
Persistent link: https://www.econbiz.de/10012458892
Taller workers are paid higher wages. A prominent explanation for this pattern is that physical growth and cognitive …
Persistent link: https://www.econbiz.de/10012460345
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find...
Persistent link: https://www.econbiz.de/10012463483
This paper emphasizes the role of wage growth in shaping work incentives. It provides an analytical framework for labor supply in the presence of a return to labor market experience and aggregate productivity growth. A key finding of the theory is that there is an interaction between these two...
Persistent link: https://www.econbiz.de/10012463533
The standard neo-classical model of wage setting predicts short-term effects of temporary labor market shocks on careers and low costs of recessions for both more and less advantaged workers. In contrast, a vast range of alternative career models based on frictions in the labor market suggests...
Persistent link: https://www.econbiz.de/10012466535
implications of exchange rates, reporting that industry wages are significantly more responsive than industry employment. We offer … the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for … the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience …
Persistent link: https://www.econbiz.de/10012470592
1980s, the financial sector started paying higher wages and hiring more skilled individuals than the rest of economy. These … in relative wages, controlling for education, which partly reflects an increase in unemployment risk: Finance jobs used …
Persistent link: https://www.econbiz.de/10012465212