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Cornelißen, Thomas; Dustmann, Christian; Schönberg, Uta - 2021

workers, firms, and occupations with a focus on peer effects in wages rather than productivity. Our estimation strategy … — which links the average permanent productivity of workers’ peers to their wages — circumvents the reflection problem and … accounts for the endogenous sorting of workers into peer groups and firms. On average, we find only small peer effects in wages …

Persistent link: https://www.econbiz.de/10013315716

CEO Compensation

Frydman, Carola; Jenter, Dirk - 2021

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...

Persistent link: https://www.econbiz.de/10013316120

Multitasking and Wages

Görlich, Dennis; Snower, Dennis J. - 2021

This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We present a theoretical model in which workers with a wider span of competence (higher level of multitasking) earn a wage premium. Since abilities and opportunities to expand the...

Persistent link: https://www.econbiz.de/10013315748

Job Search, Human Capital and Wage Inequality

Carrillo-Tudela, Carlos - 2012

differ in their productivities. Wages are dispersed because of search frictions and workers' productivity differentials. The …

Persistent link: https://www.econbiz.de/10013098341

Age, Wage and Productivity

Ours, Jan C. van; Stoeldraijer, Lenny - 2021

Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while …

Persistent link: https://www.econbiz.de/10013316239

Trade, Wages, and Profits

Egger, Hartmut - 2012

, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of …

Persistent link: https://www.econbiz.de/10013101194

Asymmetries in Earnings, Employment and Wage Risk in Great Britain

Angelopoulos, Konstantinos - 2017

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour market quantities for Great Britain. We use data from the British Household Panel Survey (BHPS) for 1991-2008 and from the BHPS sub-sample of Understanding Society for 2010-2014....

Persistent link: https://www.econbiz.de/10012958452

Earnings Instability and Tenure

Cappellari, Lorenzo; Leonardi, Marco - 2021

We study the effect of tenure on earnings instability in Italy using two alternative estimation strategies. First we use a descriptive measure of earnings instability and fixed effects regressions. Second, we develop a formal model of earnings dynamics distinguishing permanent from transitory...

Persistent link: https://www.econbiz.de/10013315811

Employee Referral, Social Proximity and Worker Discipline : Theory and Evidence from India

Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - 2021

We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...

Persistent link: https://www.econbiz.de/10013315747

Paid to Quit

Dur, Robert A. J. - 2016

Inspired by a recent observation about an online retail company, this paper explains why a firm may find it optimal to offer an exit bonus to recent hires so as to induce self-selection. We study a double adverse selection problem, in which the principal can neither observe agents' commitment to...

Persistent link: https://www.econbiz.de/10013001146