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This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with … predictions of at least three theoretical frameworks: human capital theory, search theory, and a "locus of control" model. …
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profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives …
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profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives …
Persistent link: https://www.econbiz.de/10012509554
For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls,...
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We document empirical life cycle profiles of wages, earnings, and hours of work for pay from the Panel Study of Income …
Persistent link: https://www.econbiz.de/10011730125
This paper examines how human capital based approaches explain the distribution of earnings. It assesses traditional, quasi-experimental, and new micro-based structural models, the latter of which gets at population heterogeneity by estimating individual-specific earnings function parameters....
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