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in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be … competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …
Persistent link: https://www.econbiz.de/10012474741
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
earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still … clears, the range of possible outcomes is broader but wages should still not rise if the tax is nominally divided 50/50. In … effects of wages are important but cannot clearly distinguish between the efficiency wage and market-clearing versions of …
Persistent link: https://www.econbiz.de/10012469163
wages. We surveyed a representative sample of U.S. workers to inquire about the wage determination process at the time they … distribution of wages shows that wage dispersion is higher among workers who bargained for their wages. Wages are higher among … bargainers than non-bargainers, after adjusting for the differing compositions of the groups. Our results on wages give …
Persistent link: https://www.econbiz.de/10012462619
to substantial differences in labor-market equilibrium between bargained and posted wages. The fraction of workers hired …
Persistent link: https://www.econbiz.de/10012464319
'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 … implications for the empirical estimation of models with staggered wage contracts (see especially Taylor, 1980b) …
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
literature for over thirty years. The wages and employment o typographers are examined to see whether they can be usefully … characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment and is … wages and employment of these workers compared with our more general formulation …
Persistent link: https://www.econbiz.de/10012478563
effects of a centralized match on wages of medical residents. Bulow and Levin (forthcoming) propose a simple model of the NRMP … aggregate wages compared to any competitive outcome … robust to this feature of the NRMP, and competitive wages are once more an equilibrium outcome. Furthermore, a match with …
Persistent link: https://www.econbiz.de/10012466331
probabilities, and strike durations for a large sample of collective bargaining agreements. Negotiated wages are found to depend … the model, however, there is no evidence of a systematic relation between wages and strike outcomes. Increases in …
Persistent link: https://www.econbiz.de/10012476517