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We found that on average over the period from 1989 to 2007, 21 percent of American households at a given point of time received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of households could expect to receive a wealth transfer and...
Persistent link: https://www.econbiz.de/10009640633
Persistent link: https://www.econbiz.de/10012116923
This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...
Persistent link: https://www.econbiz.de/10009639461
average human capital stock in a region on individual wages, considering regional human capital as a local public good. Indeed … statistically significant coefficient in an augmented Mincer specification. However, the impact on individual wages completely …
Persistent link: https://www.econbiz.de/10009640175
effects of tenure and especially of experience on wages decreased over time. We adopt the Machado-Mata (2005) counterfactual … dispersion of wages. …
Persistent link: https://www.econbiz.de/10009640271
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an … important driver of wages, since the wage response to trade is small. Moreover, in line with the Stolper-Samuelson reasoning …
Persistent link: https://www.econbiz.de/10009640296
Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...
Persistent link: https://www.econbiz.de/10009640298
importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …
Persistent link: https://www.econbiz.de/10009640316
degree of decentralization within highly centralized countries allows firms to adjust wages downwards, when business …
Persistent link: https://www.econbiz.de/10009640327
. We relate wages and their various components with macroeconomic and institutional trends and find that technology and … globalisation are associated with wage increases; migration is associated with declines in wages; whereas the effect of labour …
Persistent link: https://www.econbiz.de/10009640341