-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred … there was a strong effort response to future-period wages. We also find some evidence of gift exchange; worker players …

wages to reflect this. Formal analysis supports the intuition. We use the dispersion of exam grades within a field of … education as an indicator of the heterogeneity that employers face. We find solid evidence that starting wages are lower if the … variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …

-sponsored pension schemes than workers with general skills. Therefore it can be expected that workers with firm-specific skills retire …

the labor market. Its impact on employment, wages and wealth depends crucially on the design of immigration policy …

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 …

productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …

's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of …

pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In … determination. In the basic set-up, UISAs induce a trade union to lower wages. This effect can also arise if (1) balanced …