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What are the prospects for improving the lot of US workers in the 21st century? This introduction to the topic examines the most important US labor market trends of the late 20th and early 21st centuries, considers their causes and likely future trends; and then explores policies that might...
Persistent link: https://www.econbiz.de/10012138373
The gender pay gap (GPG) remains a persistent phenomenon in contemporary labor markets. Despite a vast body of research examining its causes, as of today, unequal labor market power resources between men and women have remained an underappreciated factor in the literature. Drawing on the...
Persistent link: https://www.econbiz.de/10012057145
The present study is concerned with the economic and institutional factors affecting the relationship between the labour market and wage inequality in the Greater Buenos Aires area ("GBA") over the period 1980-99. The main hypothesis advanced is that the variations in levels of wage inequality...
Persistent link: https://www.econbiz.de/10014107613
In this paper we study the evolution of the Italian wage inequality, and of its determinants, using two decades of matched employer-employee data covering the entire population of private-sector workers and firms in the Veneto region. We find that wage inequality has increased since the...
Persistent link: https://www.econbiz.de/10012980306
In this paper we study the evolution of the Italian wage inequality, and of its determinants, using two decades of matched employer-employee data covering the entire population of private-sector workers and firms in the Veneto region. We find that wage inequality has increased since the...
Persistent link: https://www.econbiz.de/10011571912
Debate over labor market flexibility focuses mainly on firing costs, while largely ignoring wage determination and the need for collective bargaining reform. Most countries affected by the euro debt crisis have two-tier bargaining structures in which plant-level bargaining supplements national...
Persistent link: https://www.econbiz.de/10011422777
The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … changes in regional unemployment. Accounting for the fluctuations in composition of the employees is important for the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …
Persistent link: https://www.econbiz.de/10011973148
The returns to talent or performance have grown over time in developed countries. Is talent concentrated in a few firms or are firms virtual microcosms of the economy, each having close to identical distributions of talent? The data show that talent is not concentrated in a few companies, but is...
Persistent link: https://www.econbiz.de/10014216242
We study the long-run effects of initial labor market conditions on wages for a large sample of male individuals entering the Austrian labor market between 1978 and 2000. We find a robust negative effect of unfavorable entry conditions on starting wages. This initial effect turns out to be quite...
Persistent link: https://www.econbiz.de/10011343912
Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008