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supporting the view that increased competition has reduced the use of nominal contracts and the indexation of contract wages, and …
Persistent link: https://www.econbiz.de/10005726402
Investment in technology increased rapidly in the United States during the past two decades, leading some to herald the birth of a "new economy." This new economy, marked by rapid productivity growth, rising incomes, low unemployment, and moderate inflation, creates a "rising tide that lifts all...
Persistent link: https://www.econbiz.de/10005361030
Persistent link: https://www.econbiz.de/10005346626
The trend toward increasing U.S. wage inequality during the 1980s is well documented. I investigate the role of employment shifts from goods-producing to service-producing industries in contributing to increased inequality during the period 1979-1995. Earlier analyses revealed that average...
Persistent link: https://www.econbiz.de/10005352384
There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data may tell little about the underlying distribution...
Persistent link: https://www.econbiz.de/10005769241
wages for high-skill workers disproportionately, contributing to increased wage inequality. The rise in inequality has been …
Persistent link: https://www.econbiz.de/10011026815
We analyze how bankruptcy laws affect the general equilibrium interactions between credit and wages. Soft laws reduce … agents, soft laws lower wages, which increases the pledgeable income of richer agents and decreases the liquidation rates …
Persistent link: https://www.econbiz.de/10010944738
I use panel data to examine whether long-term changes in industry wages are positively related to long-term changes in … between changes in composition-constant industry wages and industry employment. This suggests that growing industries attract … less skilled individuals in a manner that biases down the estimated relationship between industry employment and wages in …
Persistent link: https://www.econbiz.de/10011269350
In this paper we use micro panel data to examine the effects of oil price shocks on employment and real wages, at the … the basis of skill level. We find that oil price increases result in a substantial decline in real wages for all workers … substantial changes in employment shares and relative wages across industries. However, we find little evidence that oil price …
Persistent link: https://www.econbiz.de/10005372794
This paper uses micro data to examine differences in the cyclical variability of employment, hours, and wages for … workers are subject to essentially the same degree of cyclical variation in wages. That is, relative offer wage differentials …
Persistent link: https://www.econbiz.de/10005372850