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I identify wage spillovers from the public to the corporate sector with the help of a large and sudden public sector wage increase, which raised real compensation by 40 percent in two years, changing the average public wage premium from minus 10 to plus 12 percent. Using a dataset covering about...
Persistent link: https://www.econbiz.de/10009777765
Using a large and unexpected public wage increase in Hungary which changed the public wage premium in 2002 from -17 to … wage effects and a corresponding elasticity of 0.96. The spillover affected primarily the wages of males, young workers and … the highly educated. The analysis also finds that employers raised the wages of incumbent, rather than, newly hired …
Persistent link: https://www.econbiz.de/10011630804
We investigate the impact of social networks on earnings using a dataset of over 20,000 senior executives of European and US firms. The size of an individual's network of influential former colleagues has a large positive association with current remuneration. An individual at the 75th...
Persistent link: https://www.econbiz.de/10011436060
Recent controversy has surrounded the relative value of public and private sector remuneration. We define a comprehensive measure of Total Reward (TR) which includes not just pay, but pensions and other 'benefits in kind', evaluate it as the present value of the sum of all these payments over...
Persistent link: https://www.econbiz.de/10009244041
The existing literature on inequality between private and public sectors focuses on cross-section differences in earnings levels. A more general way of looking at inequality between sectors is to recognize that forward-looking agents will care about income and job mobility too. We show that...
Persistent link: https://www.econbiz.de/10002977398
Recent controversy has surrounded the relative value of public and private sector remuneration. We define a comprehensive measure of Total Reward (TR) which includes not just pay, but pensions and other 'benefits in kind', evaluate it as the present value of the sum of all these payments over...
Persistent link: https://www.econbiz.de/10013126136
We provide a detailed descriptive analysis of the long-term effects of the 50 percent public sector wage increase initiated by the government in 2002 in order to improve the relative situation of public sector workers. The aim of this policy was to attract high quality workers to the public...
Persistent link: https://www.econbiz.de/10009712415
, which raised public sector wages by 40 percent in two years time, changing the average public relative wage from a fallback … sector workers within worker-type increases corporate wages by 1.5 percent. The spillover effect is positively correlated … with the public wage premium, with low corporate wages, with occupations which are abundant in the public sector, and …
Persistent link: https://www.econbiz.de/10009719056
distinguish exits to another occupation and exits to no-working state. Results show, that earnings matter. Higher wages reduce the …
Persistent link: https://www.econbiz.de/10009719071
and firm composition (decomposition), as well as various potential biases (corrections for underreported wages and …
Persistent link: https://www.econbiz.de/10009295497