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We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...
Persistent link: https://www.econbiz.de/10010289858
We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...
Persistent link: https://www.econbiz.de/10013097875
We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...
Persistent link: https://www.econbiz.de/10009664848
This study documents two empirical regularities, using data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm (Last In, First Out; LIFO). Second, workers' wages rise with seniority (= a worker's tenure relative to the tenure of her colleagues). We seek...
Persistent link: https://www.econbiz.de/10013325160
We argue that productive firms share rents with workers only in occupations where workers have individual hold-up power. We present a model of wage determination where firms produce using a novel generalization of Kremer (1993)'s O-ring production function. Workers have individual hold-up power...
Persistent link: https://www.econbiz.de/10013295449
This paper considers training, mobility decisions and wages together to test for the specificity of human capital … contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two … ways. First, we examine the correlation between training and mobility. In a second step, we consider wage effects of …
Persistent link: https://www.econbiz.de/10010297508
of the returns to general training and be willing to pay for it despite its general nature. However this outcome is not … efficient, in the sense that too few workers are trained and workers who are hired receive too little training. We consider how … different institutions can affect this inefficiency. Industry-level minimum wages can remove the training inefficiency and …
Persistent link: https://www.econbiz.de/10010262512
We use important new training information from waves 8-10 of the British Household Panel Survey to document the various … forms of work-related training received by men and women over the period 1998-2000, and to estimate their impact on wages …. We initially present descriptive information about training: we find that most work-related training is viewed by its …
Persistent link: https://www.econbiz.de/10010262766
We analyse the role of training in mitigating the negative impact of technical and organizational changes on the … and innovative work practices negatively affects the wage bill share of older workers. In contrast, training older workers … more than average increases their share in the wage bill in the next period. So, training contributes to offset the …
Persistent link: https://www.econbiz.de/10010278807
to take up on-the-job training, to climb up the career ladder, or to eventually leave to professions more suitable to … overeducated workers have a significantly higher probability to take up on-the-job training than adequately educated workers and …
Persistent link: https://www.econbiz.de/10011988619