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On the economic architecture of the workplace : repercussions of social comparisons amongst heterogeneous workers
Hyll, Walter; Stark, Oded - 2011
We analyze the impact on a firm's profits and optimal wage rates, and on the distribution of workers' earnings, when … workers compare their earnings with those of co-workers. We consider a low-productivity worker who receives lower wage … earnings than a high-productivity worker. When the low-productivity worker derives (dis)utility not only from his own effort …
Persistent link: https://www.econbiz.de/10008990892
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The Entrepreneurial Earnings Puzzle : Mismeasurement or Real?
Astebro, Thomas B. - 2013
A review of recent evidence on relative earnings from entrepreneurship versus wage work presents a puzzle: why do …
Persistent link: https://www.econbiz.de/10013090500
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It's where you work : increases in earnings dispersion across establishments and individuals in the US
Barth, Erling; Bryson, Alex; Davis, James C.; Freeman, … - 2014
earnings among individuals into the part due to changes in earnings among establishments and the part due to changes in … earnings within-establishments and finds that much of the 1970s-2010s increase in earnings inequality results from increased … dispersion of the earnings among the establishments where individuals work. It also shows that the divergence of establishment …
Persistent link: https://www.econbiz.de/10010403444
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Student earnings expectations : heterogeneity or noise?
Diaz-Serrano, Luis; Hartog, Joop; Nilsson, William; … - 2016 - First draft 12-05-14; revised 26-01-15; this draft 19-09-2016
on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings … countries and check for relations of expected probability to graduate and of expected earnings with personal abilities and …
Persistent link: https://www.econbiz.de/10011544177
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Inter-industry wage differentials : how much does rent sharing matter?
Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2009
This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials among workers with the same observed characteristics...
Persistent link: https://www.econbiz.de/10003963789
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Innovation and rent sharing in corporate wage setting in Hungary
Kőrösi, Gábor - 2009
Skill biased technical change arrived to Hungary with the transition to market economy. As Hungary integrated into the international economy, technical change progressed much faster in some sectors than in mature market economies. That lead to increasing skill premia, intensive rent sharing, and...
Persistent link: https://www.econbiz.de/10003919812
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Trade, wages, and profits
Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - 2012
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10009581985
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Decomposing excess returns in stochastic linear models
Lin, Carl - 2011
We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...
Persistent link: https://www.econbiz.de/10009524390
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Trade, wages, and profits
Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - 2011
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the...
Persistent link: https://www.econbiz.de/10009404745
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Chutes and ladders : dual tracks and the motherhood dip
Fernández-Kranz, Daniel; Lacuesta, Aitor; … - 2010
earnings differential of 2.3 log points remains even after controlling for both individual- and firm-level unobserved … heterogeneity. The analysis of the mothers and childless women's earnings trajectories over time reveals that "mothers to be …" experience important earnings increases (of up to 6 log points) several years prior to giving birth to their first child. However …
Persistent link: https://www.econbiz.de/10009315297