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The proposition that labour market adjustments to intra-industry trade are less costly than adjustments to inter-industry trade is a widely-held belief amongst trade economists. If it is the case that there are significant sector-specific skills, then this ‘smooth adjustment hypothesis’...
Persistent link: https://www.econbiz.de/10005661849
foreign sector. It is also assumed that wages are not only indexed to the price level, but also respond to the state of the … informational content to wages, over and above the information conveyed by other aggregate prices. The optimal policy in this model … wages are only partially correlated signals about the unobserved disturbances. …
Persistent link: https://www.econbiz.de/10005661914
The paper constructs a simple macroeconomic model that contains a labor market in which insiders have power in wage negotiations. Wage and employment decisions are assumed to be made before business conditions are known; thus these decisions depend on both the hiring costs and expected dismissal...
Persistent link: https://www.econbiz.de/10005661965
We survey the recent literature on the effects of active labour market policies on individual labour market outcomes like employment and income, for adult female individuals without work in European countries. We consider skill-training programs, monitoring and sanctions, job search assistance,...
Persistent link: https://www.econbiz.de/10005662001
It is a well known fact that wages have a tendency to be higher in larger regions. The source of the regional … difference in wages between larger and smaller areas can be broadly divided into two parts. The first part can be attributed to … wages. The purpose of the paper is to explain regional differences in wages and the productivity and composition components …
Persistent link: https://www.econbiz.de/10008487210
Adam Smith considered poverty and unemployment as push factors for migration and wages high enough to provide for a … commodity labour as well as changes of employment which necessary to equalise wages between different geographical entities. The …
Persistent link: https://www.econbiz.de/10008487303
, firms where insider workers seem to have more market power tend to pay higher wages. More specifically, in firms with low … position to extract rents in the form of higher wages. …
Persistent link: https://www.econbiz.de/10008487306
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … emphasis on cross-country comparisons. Most, but not all, countries experienced substantial increases in wages and earnings …
Persistent link: https://www.econbiz.de/10008487510
, wages, and the inequality of wages within firms. While the average amount spent on employer-provided training is low in … IT-courses. We find a significant relationship between training and wages, the coefficient is about 0.05. We find no … significant effect of training on the inequality of wages within firms. …
Persistent link: https://www.econbiz.de/10008555467
This study analyses the effect of trade and migration on wages and labour market mobility. We estimate wage growth … in the reactions of white and blue-collar workers wages and mobility to trade and migration. In Austria exports have a …
Persistent link: https://www.econbiz.de/10005572013