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Wage risk and the skill premium
Slavík, Ctirad; Yazici, Hakki - 2020
The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk...
Persistent link: https://www.econbiz.de/10012263817
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Wage Risk, Employment Risk and the Rise in Wage Inequality
Mecikovsky, Ariel - 2017
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...
Persistent link: https://www.econbiz.de/10012966057
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Essays on offshoring, wage inequality and innovation
Benz, Sebastian - 2014
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …
Persistent link: https://www.econbiz.de/10011742945
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Wages as risk compensation in Germany
Grund, Christian - 2000
The theory of compensating wage differentials is generally accepted. Still, there has been no strong or even contrary … evidence for compensating wage differentials in Germany so far. Estimating wage regressions with data of the German Socio … differentials in Germany is found even though other effects may partly weaken the existing wage premiums due to risks at work. …
Persistent link: https://www.econbiz.de/10011339080
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Robust estimation of wage dispersion with censored data : an application to occupational earnings risk and risk attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2012
with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …
Persistent link: https://www.econbiz.de/10009534948
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Robust estimation of wage dispersion with censored data : an application to occupational earnings risk and risk attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2013
We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...
Persistent link: https://www.econbiz.de/10009775634
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Earnings dynamics in Germany
Pessoa, Ana Sofia - 2021
This paper documents earnings dynamics over the life-cycle and income level using a large administrative database from German tax records. I find that labor earnings display important deviations from the typical assumptions of linearity and normality. For the bottom earners, large income changes...
Persistent link: https://www.econbiz.de/10012534545
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Robust estimation of wage dispersion with censored data: an application to occupational earnings risk and risk attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2020
We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...
Persistent link: https://www.econbiz.de/10012293101
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Job turnover, risk sharing, and regional wages in Western Germany
Heuermann, Daniel F. - 2008
We test Krugman’s (1991) notion of risk sharing in pooled labor markets as one of the micro-foundations of agglomeration economies, i.e. we examine whether firms share risks from idiosyncratic and sector specific shocks through labor pooling. Estimating wage functions we find that job turnover...
Persistent link: https://www.econbiz.de/10009373719
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Gender wage gaps and risky vs. secure employment : an experimental analysis
Jung, Seeun; Choe, Chung; Oaxaca, Ronald L. - 2016
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of exposure to unemployment) and a secure job after...
Persistent link: https://www.econbiz.de/10011521155