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revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages … perspective, because the vast majority of estimates in the literature use wages to provide an estimate of the unemployment gap …. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …
Persistent link: https://www.econbiz.de/10011399270
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Firms hiring fresh graduates face uncertainty on the future productivity of workers. Theory suggests that starting … wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …
Persistent link: https://www.econbiz.de/10011378868
What are the sources of wage growth in developing countries? In the US, general labor market experience is the key source of wage growth, with job seniority playing a smaller role. By contrast, in Indonesia, the 10-year return to seniority is 24 to 29%, which is higher than the return to...
Persistent link: https://www.econbiz.de/10010528578
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The labor market differs from other markets in many respects. Most important is that those who supply labor also have to deliver it in person. It means firstly that the work environment and organization of work are important for those who deliver labor, since they are in the work place....
Persistent link: https://www.econbiz.de/10010196492
We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms, by the workers who bring spillovers, and by the other workers. Using linked employer-employee data from Danish manufacturing for the period 1995-2007, we find that at least...
Persistent link: https://www.econbiz.de/10010204505
The purpose of this study is to estimate whether sexual activity is associated with wages, and also to estimate … potential interactions between individuals' characteristics, wages and sexual activity. The central hypothesis behind this …'s set of productive traits that affect wages. Using two stage estimations we examine the relationship between adult sexual …
Persistent link: https://www.econbiz.de/10009783674
We propose a simple test that uses information on workers' mobility, wages and firms' profits to identify the sign and … agents' payoffs are increasing in their own types, our test exploits within-firm variation on wages to rank workers by their …
Persistent link: https://www.econbiz.de/10010125811
have substantial effects on wages and income inequality. Urban costs play an important role for locational and economic … with endogenous markups on wages and selection. With increasing commuting technology only more productive and less firms … survive. Firms have higher costs because they have to pay higher wages to compensate workers for the higher urban costs …
Persistent link: https://www.econbiz.de/10011441483