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In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage...
Persistent link: https://www.econbiz.de/10009355901
Receiving equal wages for work of equal value is a legal right in many countries. However, it remains unknown to what degree the neglect of this principle yields differences in pay between social and other occupations. The results of a task-based analysis with survey data confirm a notable wage...
Persistent link: https://www.econbiz.de/10011455517
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high...
Persistent link: https://www.econbiz.de/10012052312
We study the effect of bank merger deregulation on market structure and wages in the banking industry. We show that state deregulation of bank mergers and acquisitions increased the market share of large, multi-state banks and lowered wages for bank workers by up to 8 percentage points, with...
Persistent link: https://www.econbiz.de/10013403901
Estimating economic earnings mobility is imperative for understanding the degree to which low pay employment is a temporary or long-term position. The current literature estimates transition probabilities between low and higher pay. This study extends the focus to identify the underlying...
Persistent link: https://www.econbiz.de/10012158771
This paper analyzes the microeconomic sources of wage inequality in the United States from 1967-2012. Decomposing inequality into factors categorized by degree of personal responsibility, we find that education is able to explain more than twice as much of inequality today as 45 years ago....
Persistent link: https://www.econbiz.de/10010409801
The most commonly used model of labor market incorporation among immigrants in the United States analyzes their earnings largely as a function of human capital variables such as education, language competence, age, length of residence and employment experience in the receiving country. However,...
Persistent link: https://www.econbiz.de/10011411093
While there is now something of a consensus in the literature on the economics of happiness that income comparisons to others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox....
Persistent link: https://www.econbiz.de/10011295515
Establishing a $15 minimum wage at U.S. airports will provide transformative economic benefits for low-paid air transportation employees who work 24-7 in a fast-paced, noisy environment, providing essential services for airlines and the traveling public. Flying Right analyzes current wage and...
Persistent link: https://www.econbiz.de/10012952735
We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in advanced economies. This contribution is typicallysmall, except in the United States. We explore two possible explanations: the high initialmanufacturing wage premium and the high...
Persistent link: https://www.econbiz.de/10012860990