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study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …
Persistent link: https://www.econbiz.de/10010262046
study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …
Persistent link: https://www.econbiz.de/10005822479
The COVID-19 pandemic caused widespread disruptions to education, with school closures affecting over one billion children. These closures, aimed at reducing virus transmission, resulted in significant learning losses, particularly in mathematics and science. Using data from TIMSS 2023, which...
Persistent link: https://www.econbiz.de/10015210888
We argue that the arrival of immigrants with low reservation wages can strengthen the monopsony power of firms. Firms … can exploit "cheap" migrant labor by offering lower wages, though at the cost of forgoing potential native hires who … demand higher wages. This monopsonistic trade-off can lead to large negative effects on native employment, which exceed those …
Persistent link: https://www.econbiz.de/10014469597
One of the most vexing public policy issues is the extent to which governments should intervene into private contractual relationships. The purpose of this paper is to explore both theoretically and empirically the extent to which such interventions may enhance efficiency. In the case of...
Persistent link: https://www.econbiz.de/10010267346
After almost a century-long pattern of rising marital instability, divorce rates leveled off in 1980 and have been declining ever since. The timing of deceleration and decline in the rates of marital disruption interestingly coincides with a period of substantial growth in wage inequality. This...
Persistent link: https://www.econbiz.de/10010293137
Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10010329073
s and 1950s as economic conditions improved, decreasing wages and reducing work incentives for younger women. Its …
Persistent link: https://www.econbiz.de/10010481623
National Household Survey over the last three decades. We find that the coefficient of variation of wages among full …, composition changes explain most of the increase in average hourly compensation over those three decades, while wages stagnate …
Persistent link: https://www.econbiz.de/10010513164
We argue that rising supply of experience not only reduces experienced workers' relative wages but also their relative … structures a decade earlier. We find that aging substantially reduces experienced workers' relative wages and employment rates … might be more severe than previously recognized, as it reaches beyond wages. …
Persistent link: https://www.econbiz.de/10012005944