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knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011398011
normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …
Persistent link: https://www.econbiz.de/10012534545
expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …
Persistent link: https://www.econbiz.de/10014247564
employment and higher wages, especially for low-wage workers such as female, unskilled, younger, and non-permanently insured …
Persistent link: https://www.econbiz.de/10015414139
We develop novel measures of early-career skills that are more detailed, comprehensive, and labor-market-relevant than existing skill proxies. We exploit that skill requirements of apprenticeships in Germany are codified in state-approved, nationally standardized apprenticeship plans. These...
Persistent link: https://www.econbiz.de/10013550210
We investigate the role of firms in intergenerational mobility by decomposing the intergenerational elasticity of earnings (IGE) into firm-IGE and individual-IGE using a two-way fixed effects framework. Using data from Israel, we find that the firm component is responsible for 22% of the overall...
Persistent link: https://www.econbiz.de/10014427587
wages and workers cannot commit to not searching on the job. The resulting progression of wages (from firms paying just … growth are negatively correlated with initial wages. …
Persistent link: https://www.econbiz.de/10014434270
Underrepresented minority (URM) college students have been steadily earning degrees in relatively less-lucrative fields of study since the mid-1990s. A decomposition reveals that this widening gap is principally explained by rising stratification at public research universities, many of which...
Persistent link: https://www.econbiz.de/10015179215
inequality. Using rich matched employer-employee data from Norway, we find that profit-shifting firms pay higher wages …. CEOs particularly gain, with their wages rising nearly 10%. These results thus suggest that profit shifting by …-of-the-envelope calculations suggest these higher wages would generate additional income tax revenues which would offset around 3% of the fall in …
Persistent link: https://www.econbiz.de/10012822021
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/10009722002