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Displacement, asymmetric information and heterogeneous human capital
Hu, Luojia; Taber, Christopher - 2008
In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layouts than for plant closings, which was borne out by data from the Displaced Workers...
Persistent link: https://www.econbiz.de/10010292119
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Labor Market Entry and Earnings Dynamics: Bayesian Inference Using Mixtures-of-Experts Markov Chain Clustering
Frühwirth-Schnatter, Sylvia; Weber, Andrea; … - 2010
This paper analyzes patterns in the earnings development of young labor market en- trants over their life cycle. We identify four distinctly di®erent types of transition patterns between discrete earnings states in a large administrative data set. Further, we investigate the e®ects of labor...
Persistent link: https://www.econbiz.de/10010294866
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Self-Selection And Earnings During Volatile Transition
Dimova, Ralitza; Gang, Ira N. - 2004
Using Bulgarian Integrated Household Surveys for 1995, 1997 and 2001 this paper explores determinants of labor force status – not working, public sector employment, private sector employment and self-employment – and earnings for each of the three employment sectors. We find that while...
Persistent link: https://www.econbiz.de/10010263229
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Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities
Bleakley, C. Hoyt; Lin, Jeffrey - 2006
Persistent link: https://www.econbiz.de/10013342488
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Can capital-skill complementarity explain the rising skill premium in developing countries? Evidence from Peru
Mazumdar, Joy; Quispe-Agnoli, Myriam - 2004
The factors behind the increase in the relative wages of skilled workers in developing countries are still not well … the wage bill share and relative wages of skilled labor. This finding is contrary to the commonly held view that …
Persistent link: https://www.econbiz.de/10010397628
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Self-employment and wage earning: Hungary during transition
Co, Catherine Y.; Gang, Ira N.; Yun, Myeong-Su - 2002
We examine the earnings determinants of the self-employed and wage earners in Hungary in the mid-1990's, taking into account two forms of selection: selection into working or non-working for every individual in our sample and selection into self-employment or wage-earning jobs for workers only....
Persistent link: https://www.econbiz.de/10010318374
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The impact of Mexican immigrants on US wage structure
Toussaint-Comeau, Maude - 2007
areas have had no effect on the relative wages of very low-skill (high school dropouts). Rather, Mexican workers do affect … relative wages for high school graduates. Whereas Card and Lewis' study uses variations across geographies, this paper … relationship between the composition of Mexican immigrants across occupations/industries and average wages in the occupations …
Persistent link: https://www.econbiz.de/10010292094
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Risk and Rationality : Uncovering Heterogeneity in Probability Distortion
Bruhin, Adrian; Fehr-Duda, Helga; Epper, Thomas - 2009
It has long been recognized that there is considerable heterogeneity in individual risk taking behavior but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture regression model for three...
Persistent link: https://www.econbiz.de/10014207351
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Portfolio choice over the life-cycle when the stock and labor markets are cointegrated
Benzoni, Luca; Dufresne, Pierre Collin; Goldstein, Robert S. - 2007
We study portfolio choice when labor income and dividends are cointegrated. Economically plausible calibrations suggest young investors should take substantial short positions in the stock market. Because of cointegration the young agent's human capital effectively becomes stock-like. However,...
Persistent link: https://www.econbiz.de/10010292176
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The welfare impacts of changes in the Brazilian domestic work market
Domingues, Edson Paulo; Barreiro de Souza, Kênia - 2012
wages paid to domestic workers, through simulations with a computable general equilibrium (CGE) model. As such, one can … observe the implications of recent increases in the relative wages of domestic workers in Brazil, considering two concurrent …
Persistent link: https://www.econbiz.de/10010293297