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Wages, implicit contracts, and the business cycle: Evidence from a European panel

Bellou, Andriana; Kaymak, Barış - In: Labour Economics 19 (2012) 6, pp. 898-907

We study the joint behavior of hours and wages over the business cycle in a unique panel of 13 European countries, and document significant history dependence in wages. Workers who experience favorable market conditions during their tenure on the job have higher wages, and work fewer labor...

Persistent link: https://www.econbiz.de/10011051721

Misallocation and Growth

Jovanovic, Boyan - In: American Economic Review 104 (2014) 4, pp. 1149-71

This paper models growth via on-the-job learning when firms and workers are heterogeneous. It is an overlapping generations model in which young agents match with the old. More efficient assignments lead to faster long-run growth, more inequality, and less turnover in the distribution of human...

Persistent link: https://www.econbiz.de/10010815495

CEO wage dynamics: Estimates from a learning model

Taylor, Lucian A. - In: Journal of Financial Economics 108 (2013) 1, pp. 79-98

The level of Chief Executive Officer (CEO) pay responds asymmetrically to good and bad news about the CEO's ability. The average CEO captures approximately half of the surpluses from good news, implying CEOs and shareholders have roughly equal bargaining power. In contrast, the average CEO bears...

Persistent link: https://www.econbiz.de/10011039267

The Time Pattern of Internal Migration: Human Capital Meets Job Matching

Allen, Jeremiah - In: The Review of Regional Studies 33 (2003) 3, pp. 284-95

A human capital model of migration that includes location-specific capital and job search is integrated with job …-matching/flows approach to labor markets. This generates a model that is consistent with the observed pro-cyclicality of new migration. Unlike … all previous models, this model not only explains, it predicts the observed counter-cyclicality of return migration. …

Persistent link: https://www.econbiz.de/10010547722

Inequality and earnings dynamics in France: National policies and local consequences

Kramarz, Francis; Nimier-David, Elio; Delemotte, Thomas - In: Quantitative Economics 13 (2022) 4, pp. 1527-1591

This paper provides new stylized facts about labor earnings inequality and dynamics in France for the period 1991-2016. Using linked employer-employee data, we show that (i) labor inequality in France is low compared to other developed countries and has been decreasing until the financial crisis...

Persistent link: https://www.econbiz.de/10014536871

The evolution of the earnings distribution in a volatile economy: Evidence from Argentina

Blanco, Andrés; Diaz de Astarloa, Bernardo; Drenik, Andres - In: Quantitative Economics 13 (2022) 4, pp. 1361-1403

This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001-2002 crisis, the Argentine economy transitioned from a low- to a high-inflation regime, while collective bargaining and the minimum wage gained influence. This transition was associated...

Persistent link: https://www.econbiz.de/10014536903

Four decades of Canadian earnings inequality and dynamics across workers and firms

Bowlus, Audra J.; Bonenfant, Émilien Gouin; Liu, Huju; … - In: Quantitative Economics 13 (2022) 4, pp. 1447-1491

This paper studies the evolution of individual earnings inequality and dynamics in Canada from 1983 to 2016 using tax files and administrative records. Linking individual tax filers to their employers (and rich administrative records on firms) beginning in 2001, it also documents the...

Persistent link: https://www.econbiz.de/10014536917

Inequality, income dynamics, and worker transitions: The case of Mexico

Puggioni, Daniela; Calderón, Mariana; Cebreros Zurita, … - In: Quantitative Economics 13 (2022) 4, pp. 1669-1705

We characterize the salient features of the distribution of (log) earnings of formal workers in Mexico using social security records for the period 2005-2019. The analysis is based on a nonparametric approach and is focused primarily on the properties of the distribution of earnings changes. We...

Persistent link: https://www.econbiz.de/10014536984

U.S. long-term earnings outcomes by sex, race, ethnicity, and place of birth

McKinney, Kevin L.; Abowd, John M.; Janicki, Hubert P. - In: Quantitative Economics 13 (2022) 4, pp. 1879-1945

This paper is part of the Global Repository of Income Dynamics (GRID) project cross-country comparison of earnings inequality, volatility, and mobility. Using data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics (LEHD) infrastructure files, we produce a uniform set of...

Persistent link: https://www.econbiz.de/10014537006

Earnings dynamics and its intergenerational transmission: Evidence from Norway

Halvorsen, Elin; Ozkan, Serdar; Salgado, Sergio - In: Quantitative Economics 13 (2022) 4, pp. 1707-1746

Using administrative data, we provide an extensive characterization of labor earnings dynamics in Norway. Some of our findings are as follows: (i) Norway has not been immune to the increase in top earnings inequality seen in other countries, (ii) the earnings distribution compresses in the...

Persistent link: https://www.econbiz.de/10014537030

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