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Previous research has reached mixed conclusions about whether higher levels of immigration reduce the wages of natives … increase in the fraction of workers in an occupation group who are foreign born tends to lower the wages of low-skilled natives …
Persistent link: https://www.econbiz.de/10005402046
In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...
Persistent link: https://www.econbiz.de/10010702289
I use panel data to examine whether long-term changes in industry wages are positively related to long-term changes in … between changes in composition-constant industry wages and industry employment. This suggests that growing industries attract … less skilled individuals in a manner that biases down the estimated relationship between industry employment and wages in …
Persistent link: https://www.econbiz.de/10011269350
heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …-specific error components in wages and hours. …
Persistent link: https://www.econbiz.de/10004965411
Persistent link: https://www.econbiz.de/10008456405
A modification of existing sticky-wage models to account for the observed cyclical behavior of real wages by means of a …
Persistent link: https://www.econbiz.de/10005360719
A discussion of sticky nominal wages, showing that nominal income or price-level targeting policies result in smaller …
Persistent link: https://www.econbiz.de/10005360758
Persistent link: https://www.econbiz.de/10005499143
Labor costs have recently come under scrutiny by policymakers, business economists, and financial market participants. The primary concern has been that tight labor markets might lead to faster compensation growth and, ultimately, to upward pressure on general inflation. The employment cost...
Persistent link: https://www.econbiz.de/10005501242
We calibrate a model of labor demand to infer the employment response to a change in the minimum wage in the food away from home industry. Assuming a perfectly competitive labor market, the model predicts a 2.5 to 3.5 percent fall in employment in response to a 10 percent minimum wage change. We...
Persistent link: https://www.econbiz.de/10005520014