This paper uses both cross-section and panel information on employees in OECD countries to examine job values and outcomes over the 1990s. Job values have been stable over the 1990s, and are not noticeably cyclical. Despite rising wages and falling hours, overall job satisfaction is either...

This paper documents a stylized fact on the aggregate wage structure of firms and proposes an explanation for this stylized fact based on the existence of capital market imperfections. We first provide empirical evidence that, every thing else equal, workers real compensation is more sensitive...