Showing 1 - 10 of 255
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10011444593
The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply explanation to the discussion how these distinct labour...
Persistent link: https://www.econbiz.de/10011444759
Discontinuities in the employment profile are supposed to cause wage cuts since they imply an interruption in the accumulation of human capital as well as a depreciation of the human capital stock built up in the past. In this paper, we estimate the return to effective experience, taking into...
Persistent link: https://www.econbiz.de/10011445624
Graduates from Science, Technology, Engineering, and Mathematics (STEM) are usually found to have higher wages and a … overqualification and wages in a causal way, since individuals choosing these subjects might differ systematically in unobserved … differences in the risk of overqualification and wages when STEM graduates are compared to the Business & Law group, while it …
Persistent link: https://www.econbiz.de/10010416218
comes from their own actions instead of being determined by luck or destiny, earn higher wages. However, this positive …. -- Locus of control ; wages ; latent factor model ; data set combination …
Persistent link: https://www.econbiz.de/10008702170
This paper jointly analyses the consequences of adverse selection and signalling on entry wages of skilled employees … job applicants based on apprenticeship wages. It shows that post-apprenticeship employer changers are a negative selection … from the training firms’ point of view. Negative selection leads to lower average wages of employer changersin the first …
Persistent link: https://www.econbiz.de/10009510171
Distinguishing carefully between mobility across firms and across occupations, this study provides causal estimates of the wage effects of mobility among graduates from apprenticeship in Germany. Our instrumental variables approach exploits variation in regional labor market characteristics....
Persistent link: https://www.econbiz.de/10010510683
This paper investigates the effect of the size of the local labor market on skill mismatch. Using survey data for Germany, I find that workers in large cities are both less likely to be overqualified for their job and to work in a different field than the one they are trained for. Different...
Persistent link: https://www.econbiz.de/10011752572
the macroeconomic level, we draw special attention to the important distinction between product and consumption wages … changes in the distribution of hourly wages between 1990 and 1997 and analyze the economic factors determining these changes …
Persistent link: https://www.econbiz.de/10011443093
While there is a broad literature on the general wage effect of training, little is known about the effects of different training forms and about the effects for heterogeneous training participants. This study therefore adds two aspects to the literature on earnings effects of training. First,...
Persistent link: https://www.econbiz.de/10011448693