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Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage rigidity based on annual wages can at least be reduced, if the number of working hours is considered. This leads to a lower degree of DNWR in hourly wage changes. In this...
Persistent link: https://www.econbiz.de/10009355446
Wage dynamics is closely intertwined with job flows. However, composition effects associated to the different sizes and characteristics of workers entering/ exiting into/from employment that may blur the "true" underlying wage growth, are not typically accounted for. In this paper, we take these...
Persistent link: https://www.econbiz.de/10013314793
This paper shows that some managers systematically pay higher wages to rank-and-file workers and these managers are targets of M&As. We use a manager-firm-worker matched dataset covering the entire population of Denmark from 1995 to 2011, and develop a novel framework to identify manager fixed...
Persistent link: https://www.econbiz.de/10012846952
Sectoral labor supply shortage is a cause of concern in many OECD countries and has raised support for immigration as a potential remedy. In this paper, we derive a general equilibrium model with overlapping generations, where natives require a compensating wage differential for working in one...
Persistent link: https://www.econbiz.de/10009741042
This paper develops and estimates a joint hazard-longitudinal (JHL) model of the timing of migration and labor market … endogenous age of entry in estimating the returns to years since migration by allowing cross-equation correlations of random …
Persistent link: https://www.econbiz.de/10011704297
Persistent link: https://www.econbiz.de/10003733668
the primary focus is on international migration, reference is made to internal migration and return migration. The … favorable selectivity is more intense the greater the out-of-pocket (direct) costs of migration and return migration, the … greater the effect of the higher level of ability on lowering the costs of migration, and the smaller the relative skill …
Persistent link: https://www.econbiz.de/10011325988
I present a theory of couples' job search whereby women sort into lower-paying geographically-dispersed occupations due to expectations of future spouses' geographically-clustered occupations and (thereby) inability to relocate for work. Results confirm men segregate into...
Persistent link: https://www.econbiz.de/10013068364
selective out-migration literature, our basic structure assumes that the process that determines out-migration is unrelated to …
Persistent link: https://www.econbiz.de/10012988305
Spatial sorting plays an important role in accounting for disparities in average wages among locations. This paper shows that sorting also matters when addressing the relation between spatial externalities and wage distribution, i.e. across workers located at different percentiles of the wage...
Persistent link: https://www.econbiz.de/10013148112