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Who fares worse in an economic downturn, low- or high-paying firms? Different answers to this question imply very different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low-paying firms is less cyclically sensitive. High-paying...
Persistent link: https://www.econbiz.de/10010468174
Who fares worse in an economic downturn, low- or high-paying firms? Different answers to this question imply very different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low-paying firms is less cyclically sensitive. High-paying...
Persistent link: https://www.econbiz.de/10011085101
At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion … on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after … Lazear, Kevin J. Murphy & Canice Prendergast) doing compensation research; this article is the result. …
Persistent link: https://www.econbiz.de/10011653399
Employer-provided nonwage benefit expenditures now account for one-third of U.S. firms' labor costs. We show that a broad measure of real labor costs including such benefit expenditures has become countercyclical during 1982-2014, contrary to the conventional view that labor costs are...
Persistent link: https://www.econbiz.de/10011816583
the increasing importance of non-wage benefits in total compensation packages. As hedonic wage theory suggests, mothers …; yet, the literature has failed to address the role of non-wage compensation in explaining the motherhood wage gap despite … might view health benefits as desirable and trade-off wages for health insurance. Thus, lower wages for mothers might …
Persistent link: https://www.econbiz.de/10010268774
the increasing importance of non-wage benefits in total compensation packages. As hedonic wage theory suggests, mothers …; yet, the literature has failed to address the role of non-wage compensation in explaining the motherhood wage gap despite … might view health benefits as desirable and trade-off wages for health insurance. Thus, lower wages for mothers might …
Persistent link: https://www.econbiz.de/10005703655
contracts offer severance compensation and sometimes give notice before dismissal. Severance compensation smoothes consumption … exogenous unemployment compensation is sufficiently generous. …
Persistent link: https://www.econbiz.de/10010261928
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010531689
Labor markets are characterized by large heterogeneity in job stability. Some workers hold lifetime jobs, whereas others cycle repeatedly in and out of employment. This paper explores the economic consequences of such heterogeneity. Using Survey of Consumer Finances (SCF) data, we document a...
Persistent link: https://www.econbiz.de/10012497788
We provide a first timely assessment of the pandemic crisis impact on the labour market prospects of immigrant workers in Europe by proposing a novel measure of their exposure to employment risk. We characterize migrants' occupations along four dimensions related to the role of workers'...
Persistent link: https://www.econbiz.de/10012497864