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of trade on relative wages …
Persistent link: https://www.econbiz.de/10014402990
This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from …
Persistent link: https://www.econbiz.de/10014403637
wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and … unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences …
Persistent link: https://www.econbiz.de/10014396186
institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …
Persistent link: https://www.econbiz.de/10014396829
This paper examines the effect of skill-biased technological change on the structure of wages, the composition of …
Persistent link: https://www.econbiz.de/10014397189
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal consumption in the...
Persistent link: https://www.econbiz.de/10014395705
This paper presents a microeconomic theoretical model of union optimizing behavior which is then used to test the relevance of the tax-push hypothesis for wage formation in nine Western European countries. Two factors—the compensation and the progressivity effects—are shown by the model to...
Persistent link: https://www.econbiz.de/10014395988
This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints...
Persistent link: https://www.econbiz.de/10014396069
-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade … widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the … presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that …
Persistent link: https://www.econbiz.de/10014399550
This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that...
Persistent link: https://www.econbiz.de/10014399569