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For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls,...
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Integrating Roy with Becker, this paper studies occupational choice and matching in the labor market. Our model generates occupation earnings distributions which are right skewed, have firm fixed effects, and large changes in aggregate earnings inequality without significant changes in within...
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for both wages and labor supply. We combine these online platform data with a field experiment to show that, with few … shows that when pay is unequal, workers strategically use information about co-worker pay to negotiate higher wages that can … or compressing pay. A profit maximizing employer may optimally equalize wages ex-ante in equilibrium. An important …
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This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Macroeconomic policies and investment in capital stock are included in the analysis and are shown to have a major role to play.
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