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labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly … assumed exogenous rules for public wage and public employment. We show that theories that equalize wages with marginal … products in the private sector can rationalize the interaction of public and private sector wages when extended to accommodate …
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labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly … assumed exogenous rules for public wage and public employment. We show that theories that equalize wages with marginal … products in the private sector can rationalize the interaction of public and private sector wages when extended to accommodate …
Persistent link: https://www.econbiz.de/10013116749
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labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly … assumed exogenous rules for public wage and public employment. We show that theories that equalize wages with marginal … products in the private sector can rationalize the interaction of public and private sector wages when extended to accommodate …
Persistent link: https://www.econbiz.de/10014202525
Persistent link: https://www.econbiz.de/10012197461
This paper investigates the public sector wage premium in the UK using a microfounded eco-nomic model and indirect inference. The neoclassical wage determination model is tested and estimated without introducing any gap between the theoretical and empirical models. To test if the model is true,...
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