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Although intuitively appealing, the use of hedonic wage estimates to determine people's willingness to pay to avoid the risk of fatal hazards is fraught with problems. The theoretical basis for such estimates are flawed in a number of important ways. The underlying behavioral model is wrong,...
Persistent link: https://www.econbiz.de/10013225411
How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals' earnings in 31 different data sets from sixteen countries, from which...
Persistent link: https://www.econbiz.de/10013137353
This study presents a model of labor supply in which individuals may face constraints on their choice of work hours, and analyzes the sensitivity of parameter estimates and policy conclusions to the usual assumption of unrestricted choice. We set up the labor supply decision asa discrete choice...
Persistent link: https://www.econbiz.de/10013141839
Akerlof and Dickens (1982) suggested that in a model of criminal behavior which considered the effects of cognitive dissonance, increasing the severity of punishment could increase the crime rate. This paper demonstrates that that conjecture was correct. With cognitive dissonance, people may...
Persistent link: https://www.econbiz.de/10013245536
This paper presents a decomposition of the decline in union density into structural and within sector components using CPS data for private sector workers. We find that 58 to 68 percent of the decline in private sector unionization between 1973 and 1981 can be accounted for by structural changes...
Persistent link: https://www.econbiz.de/10013246086
For many reasons a group of workers may have sufficient bargaining power to claim for themselves some share of any monopoly surplus earned by an enterprise and (in the short run) a share of the return on fixed assets. This paper explores the effect of the threat of collective action on wages and...
Persistent link: https://www.econbiz.de/10013249689
The law prohibits firms from moving work to avoid unionization. Still, many employees fear that joining a union may cost them their jobs. This paper assesses the impact of that fear on how clerical workers vote in union certification elections. Two data sets were collected and analyzed for this...
Persistent link: https://www.econbiz.de/10013215715
Persistent link: https://www.econbiz.de/10000758442
Persistent link: https://www.econbiz.de/10009656127
Surprisingly it did not, or at least not directly. Using micro data on consumer prices and sectoral inflation rates from 6 euro area countries, spanning several years before and after the introduction of the euro, we look at whether EMU has altered the behaviour of retail price setting and/or...
Persistent link: https://www.econbiz.de/10003297532