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empirically investigate the link between firms' choice of worker mix and the implied relationships between productivity and wages …
Persistent link: https://www.econbiz.de/10012470737
Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job …
Persistent link: https://www.econbiz.de/10012814473
This paper analyzes effects of population aging on the labor market and determines their broad implications for public policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The paper argues that, alongside the amply discussed,...
Persistent link: https://www.econbiz.de/10012470075
, wages and wage inequality. Our main exercise quantifies the contribution of each channel to income inequality and wage …
Persistent link: https://www.econbiz.de/10014250167
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
substitutes for natives with similar education and age we find that they stimulated, rather than harmed, the demand and wages of …
Persistent link: https://www.econbiz.de/10012465700
provinces. We examine monthly data on employment, wages, and hours across 8 industries and 10 provinces over the 1961- 1975 … period. We find that employment actually rose after the introduction of NHI; wages increased as well, while average hours …
Persistent link: https://www.econbiz.de/10012474351
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
Labor market tightness following the height of the Covid-19 pandemic led to an unexpected compression in the US wage distribution that reflects, in part, an increase in labor market competition. Rapid relative wage growth at the bottom of the distribution reduced the college wage premium and...
Persistent link: https://www.econbiz.de/10014247930
the wages they receive. In particular, we show that this hypothesis may explain the high urban wages and unemployment … control urbaxv'rural migration, but could control wages and urban employment, it would, in general, set wages and employment … into accounce, both In the determination of shadow wages to be used in cost benefit analysis and In the analysisis of the …
Persistent link: https://www.econbiz.de/10012477096