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This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm’s operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10010877908
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the...
Persistent link: https://www.econbiz.de/10009399709
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the...
Persistent link: https://www.econbiz.de/10009421933
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a dataset of five European economies....
Persistent link: https://www.econbiz.de/10010729785
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...
Persistent link: https://www.econbiz.de/10011955531
We revisit the development of monthly wages in Germany between 2000 and 2017. While wage inequality strongly increased …
Persistent link: https://www.econbiz.de/10012840443
This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on …. Wage inequality started to increase around 1994 in Germany for all workers and for prime age dependent male workers as well …. Rising inequality is not the result of the recent rise in self-employment. In West Germany rising inequality occurred in the …
Persistent link: https://www.econbiz.de/10012727132
This study revisits the increase in wage inequality in Germany. Accounting for changes in various sets of observables …
Persistent link: https://www.econbiz.de/10012943872
This study revisits the increase in wage inequality in Germany. Accounting for changes in various sets of observables …
Persistent link: https://www.econbiz.de/10012945241
effects on wage inequality in Germany using a dynamic computable general equilibrium (CGE) model of the Auerbach …
Persistent link: https://www.econbiz.de/10013316312