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Economists have long known that individual wages depend on a combination of employee and employer characteristics, as well as the interaction of the two. Although it is important to understand how employee and employer characteristics are related to wages, little is known about the magnitude and...
Persistent link: https://www.econbiz.de/10005406800
, it increases a relay team’s running time. This suggests that net negative peer effects exist and support the “team …
Persistent link: https://www.econbiz.de/10005731672
This paper utilizes the Box-Cox transformation of variables technique to empirically derive an industry wage equation. Section I presents the determinants of potential wage differentials between and within industries. Section II estimates a Box-Cox industry wage equation. Likelihood ratio tests...
Persistent link: https://www.econbiz.de/10005621915
Drawing on an unusually large set of employer-employee data, we examine how workers’ pay is related to the educational composition within their occupational group. We find that educational composition as measured by the educational diversity and the educational level of an occupational group...
Persistent link: https://www.econbiz.de/10010739894
The aim of the present paper is to show that the existence of a concrete outside option for firms' executives can induce, under specific circumstances, every firm to adopt restrictive output practises. In particular, the paper characterizes the conditions for which, under Cournot oligopoly,...
Persistent link: https://www.econbiz.de/10009148007
The changing effects of wage disparity on team performance during the process of industry development are examined using data sourced from the Japanese professional football league. The results show that wage disparity leads to a reduction in team performance during the developing stage but does...
Persistent link: https://www.econbiz.de/10008765634
the Census of Services to examine law firms' boundaries. We first examine how the specialization of lawyers and firms … increases as lawyers' returns to specialization increase. In fields where lawyers increasingly specialize with market size, the … specialization by mediating exchanges of economic opportunities more efficiently than markets. …
Persistent link: https://www.econbiz.de/10005123527
Plant shutdowns shape industry and aggregate productivity paths and play a major role in the dynamics of employment and industrial restructuring. Plant closures in the U.S. manufacturing sector account for more than half of gross job destruction. While multi-plant firms and multinationals...
Persistent link: https://www.econbiz.de/10005058832
Plant shutdowns shape industry productivity, the dynamics of employment, and industrial restructuring. Plant closures account for more than half of gross job destruction in US manufacturing. This paper examines the effects of firm structure on US manufacturing plant closures. Plants belonging to...
Persistent link: https://www.econbiz.de/10005035524
This paper extends the standard work effort model by allowing workers to interact through networks. We investigate experimentally whether peer performances and peer contextual effects influence individual performances. Two types of network are considered. Participants in Recursive networks are...
Persistent link: https://www.econbiz.de/10010960124