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process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a … productivity growth, and an additional set of labor market variables. The results do not reject the hypothesis that real wages and …
Persistent link: https://www.econbiz.de/10010283324
It is standard in the literature on training to use wages as a sufficient statistic for productivity. This paper … an increase in hourly wages of about 0.3%. We also show evidence using individual level datasets that is suggestive of …
Persistent link: https://www.econbiz.de/10010292946
wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …
Persistent link: https://www.econbiz.de/10010325894
We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms …
Persistent link: https://www.econbiz.de/10010262702
This paper examines the effects of alcohol consumption on employment and wages for males and females in Russia. Both … impact on employment and wages. Further, there is some evidence in favor of an inverse U-shaped relationship between alcohol …
Persistent link: https://www.econbiz.de/10010262815
wages to reflect this. Formal analysis supports the intuition. We use the dispersion of exam grades within a field of … education as an indicator of the heterogeneity that employers face. We find solid evidence that starting wages are lower if the … variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …
Persistent link: https://www.econbiz.de/10010268304
The standard human-capital model is based on the assumption that the observed wage of an individual is equal to the monetary value of the individual net human-capital productivity, the so-called net potential wage. We argue that this assumption is rejected by the ECHP data for Belgium, Denmark...
Persistent link: https://www.econbiz.de/10010271292
to young workers. Findings further indicate that average hourly wages within firms increase significantly and …
Persistent link: https://www.econbiz.de/10010280663
We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market …. We also find that the effect of increased competition on real wages is beneficial to workers, but less so when they have … competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with …
Persistent link: https://www.econbiz.de/10010293086
market. Using detailed matched employer-employee data, we analyze how firm takeovers and product market competition are … ownership change, in particular when product market competition is weak. Further, increased competition reduces the gender wage …
Persistent link: https://www.econbiz.de/10010320130