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The paper points out a crucial difference between the conventional disequilibrium macro model and partial equilibrium models of wage bargaining. In the former the real wage is constrained to be less than or equal to the marginal product, whereas in the latter the real wage is frequently...
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This paper shows that the potential earnings of the unemployed are lower compared to the employed. The authors interpret this as being supportive of a dual labor market with a privileged primary sector who are less likely to be unemployed compared to the secondary sector who are more likely to...
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This note details a brief reply to Peter Skott's critique of my paper that appeared in the Manchester School, Volume 63, pp. 196-205. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester
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US and British unemployment rates for non-white males and females are compared over the period 1970-1998. Whereas US rates remained fairly steady, there was a marked increase in British non-white unemployment rates. The reasons for this poor performance, relative to the good performance of US...
Persistent link: https://www.econbiz.de/10009210111
An unrecognized problem is examined in a frequently used method for decomposing earnings functions in the measurement of discrimination. The conventional method decomposes changes in the log of the geometric mean of the distribution, as opposed to the correct quantity, which is the change in the...
Persistent link: https://www.econbiz.de/10009213326
This paper lends support to the political explanation for the observed rising wage inequality in Britain in the 1980s and early 1990s. The decline of collective bargaining and other changes in pay arrangements during this time have been to the disadvantage of the low paid. We seek support using...
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