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In der Öffentlichkeit wird oft die These vertreten, daß die zunehmende Ungleichheit der Lohneinkommen ökonomisch geboten, wenn auch gesellschaftspolitisch bedenklich sei. In diesem Beitrag wird gezeigt, daß die Lohnbildung in modernen Arbeitsmärkten nicht dem Prinzip der kompensierenden...
Persistent link: https://www.econbiz.de/10008478851
Some Remarks on Lujo Brentano's View of Labor Market Problems Lujo Brentano (1844-1931) aimed for "realism" in economics. Regarding labor market theory, two topics are of particular interest: His investigations on "Hours and Wages in Relation to Production" (Scribner's 1894) and his analysis "On...
Persistent link: https://www.econbiz.de/10005187283
includes results of cross-industry regressions on the 1929-31 percent change in hourly earnings and the 1929 level of hourly … earnings, as well as various data on wage changes, hours, turnover, and strikes. Labor-supply explanations are found wanting …
Persistent link: https://www.econbiz.de/10005687111
The paper embeds child labor in a standard two-sector general-equilibrium model of a small open economy facing perfectly competitive markets, efficiency wages, and free-trade. The modern sector produces a homogeneous good using skilled adult labor and capital, and offers effort-based efficiency...
Persistent link: https://www.econbiz.de/10005650733
The increasing wage inequality in many countries is usually seen as brought about by economic forces that drive for economic efficiency within a changing technological and social environment. Ethical evaluations of these developments diverge, yet the view that free labor markets drive to...
Persistent link: https://www.econbiz.de/10008924594
This paper incorporates Nash bargaining, credible bargaining and efficiency wages as special cases of an over … Nash bargaining, estimates for worker bargaining power and the value of non-work activity are almost identical to those … statistically, as they are for credible bargaining.  Efficiency wages fit the data better, with the over-identifying restrictions …
Persistent link: https://www.econbiz.de/10008690484
We provide evidence on how two important types of institutions – dismissal barriers, and bonus pay – affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker...
Persistent link: https://www.econbiz.de/10009004023
of "Classificação das Actividades Económicas" -, and control for other wage determinants, as usually done in earnings …
Persistent link: https://www.econbiz.de/10011870141
earnings among individuals into the part due to changes in earnings among establishments and the part due to changes in … earnings within-establishments and finds that much of the 1970s-2010s increase in earnings inequality results from increased … dispersion of the earnings among the establishments where individuals work. It also shows that the divergence of establishment …
Persistent link: https://www.econbiz.de/10010403444
Persistent link: https://www.econbiz.de/10003398814