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wages and profit shares are determined through negotiations. The negotiated profit share depends positively on the relative …
Persistent link: https://www.econbiz.de/10010261570
the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping …
Persistent link: https://www.econbiz.de/10010261573
This paper reviews Jacob Mincer?s contributions to the analyses of earnings and the distribution of earnings through his pioneering focus on labor market experience or on-the-job training. It begins with a brief discussion of the theoretical literature on the distribution of earnings in the...
Persistent link: https://www.econbiz.de/10010261574
In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the...
Persistent link: https://www.econbiz.de/10010261576
We hypothesize that an individual?s time use choices are contingent on the time use choices of others because the utility derived from leisure time often benefits from the presence of companionable others inside and outside the household. We develop a model of time use, and demonstrate that its...
Persistent link: https://www.econbiz.de/10010261578
In 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer?s seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array of observations pertaining...
Persistent link: https://www.econbiz.de/10010261587
This paper offers a critical evaluation of the notion of collective voice, advanced by Freeman and Medoff (1984) in their pioneering contribution What Do Unions Do? It takes note of theoretical and empirical work supportive of/consistent with the collective voice/institutional response model,...
Persistent link: https://www.econbiz.de/10010261589
We propose a simple methodology for decomposing differences in the first moment into characteristics and coefficients effects. This methodology provides a way to apply the Blinder-Oaxaca decomposition to a non-linear function for both aggregate and detailed decompositions.
Persistent link: https://www.econbiz.de/10010261590
This paper provides a case study of the effect of labor relations on product quality. We consider whether a long, contentious strike and the hiring of replacement workers at Bridgestone/Firestone?s Decatur plant in the mid-1990s contributed to the production of defective tires. Using several...
Persistent link: https://www.econbiz.de/10010261592
Product market regulation and employment protection are highly correlated across OECD countries. Using an augmented model of monopolistic competition we show why in countries with more regulated product markets, incumbent workers prefer to protect jobs relatively more. Product market regulation...
Persistent link: https://www.econbiz.de/10010261597