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Structural change in US wage determination
Rich, Robert W.; Rissmiller, Donald - 2001
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
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Rhineland exit?
Bovenberg, Lans; Teulings, Coen N. - 2008
We argue in favor of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....
Persistent link: https://www.econbiz.de/10010276828
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What are over-the-road truckers paid for? Evidence from an exogenous regulatory change on the role of social comparisons and work organization in wage determination
Burks, Stephen V.; Guy, Frederick - 2012
Using evidence from recent work on truckers and disaggregated older data prior researchers did not have, we revisit a classic topic and find some new answers. We focus on differentials in average annual earnings at the firm level among mileage-paid over-the-road tractor-trailer drivers (road...
Persistent link: https://www.econbiz.de/10010282408
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The impact of unions on nonunion wage setting: Threats and bargaining
Green, David A.; Sand, Benjamin; Snoddy, Iain G. - 2022
unions to affect nonunion wages both through the typically discussed channel of nonunion firms emulating union wages in order … indicate an important role played by union wage spillovers in lowering wages over the 1980-2010 period. We find de …
Persistent link: https://www.econbiz.de/10014480363
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Wage formation between newly hired workers and employers: survey evidence
Hall, Robert E.; Krueger, Alan B. - 2008
to substantial differences in labor-market equilibrium between bargained and posted wages. The fraction of workers hired …
Persistent link: https://www.econbiz.de/10010269370
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Unions, wage gaps, and wage dispersion: New evidence from the Americas
Rios-Avila, Fernando; Hirsch, Barry T. - 2012
Using a common methodology, the effects of unions on wage levels and wage dispersion are estimated for two neighboring countries, Bolivia and Chile, and for the U.S. The analysis shows that unions have broadly similar effects on the wage distribution within these three economies. The findings...
Persistent link: https://www.econbiz.de/10010287658
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Bias corrections for two-step fixed effects panel data estimators
Fernández-Val, Iván; Vella, Francis - 2007
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time varying heterogeneity. These include limited dependent variable models with both unobserved individual effects and endogenous explanatory variables, and sample selection models with...
Persistent link: https://www.econbiz.de/10010318527
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Promotion and wages in mid-career: Gender, unionism, and sector
Addison, John T.; Ozturk, Orgul Demet; Wang, Si - 2012
This paper considers the role of gender in the promotion process and the impact of promotion on wages and wage growth …, using data from the National Longitudinal Survey of Youth (NLSY79). Its focus is upon mid-career promotion and wages … promoted in the private sector (and no less likely in the public sector); that wages are increasing in promotion, and the …
Persistent link: https://www.econbiz.de/10010289854
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Uncertainty, Wage Setting and Decision Making in a Monetary Union
Hefeker, Carsten - 2004
The enlargement of the European Monetary Union is likely to lead to an increase of uncertainty about the transmission of monetary policy for the larger union. Adding new members to the central bank council will in addition imply that the preferences of the enlarged council will be uncertain in...
Persistent link: https://www.econbiz.de/10010295405
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Strategic Wage Setting and Coordination Frictions with Multiple Applications
Gautier, Pieter A.; Moraga, Jose L. - 2004
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10010325469