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On the Role of Learning, Human Capital, and Performance Incentives for Wages

Camargo, Braz; Lange, Fabian; Pastorino, Elena - National Bureau of Economic Research - 2022

Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...

Persistent link: https://www.econbiz.de/10013334409

Labor Market Matching, Wages, and Amenities

Lamadon, Thibaut; Lise, Jeremy; Meghir, Costas; Robin, … - National Bureau of Economic Research - 2024

This paper develops the nonparametric identification of models with production complementarities, worker-firm specific disutility of labor and search frictions. Mobility in the model is subject to preference shocks, and we assume that firms can write wage contracts. We develop a constructive...

Persistent link: https://www.econbiz.de/10014635650

Moral Hazard and Unemployment in Competitive Equilibrium

Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024

Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...

Persistent link: https://www.econbiz.de/10014635663

Screening with Multitasking

Dinerstein, Michael; Opper, Isaac M. - National Bureau of Economic Research - 2022

What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...

Persistent link: https://www.econbiz.de/10013334527

Gender Inequality in the Labor Market : Continuing Progress?

Blau, Francine D. - National Bureau of Economic Research - 2024

This article examines the trends in women's economic outcomes in the United States focusing primarily on labor force participation, occupational attainment, and the gender wage gap. The author first highlights considerable progress on all dimensions prior to the 1990s followed by a slowing or...

Persistent link: https://www.econbiz.de/10015171669

Supply, Demand, Institutions, and Firms : A Theory of Labor Market Sorting and the Wage Distribution

Haanwinckel, Daniel - National Bureau of Economic Research - 2023

This paper builds a general equilibrium framework with firm and worker heterogeneity, monopsony power, and task-based production to quantify the long-run effects of education, biased demand shocks, and minimum wage. I take it to Brazilian data for 1998 and 2012 and find that (i) supply and...

Persistent link: https://www.econbiz.de/10014322706

Estimation of a Roy/Search/Compensating Differential Model of the Labor Market

Taber, Christopher - 2016

In this paper we develop a model capturing key features of the Roy model, a search model, compensating differentials, and human capital accumulation on-the-job. We establish which features of the model can be non-parametrically identified and which can not. We estimate the model and use it to...

Persistent link: https://www.econbiz.de/10012456238

The Power of Proximity to Coworkers : Training for Tomorrow or Productivity Today?

Emanuel, Natalia; Harrington, Emma; Pallais, Amanda - National Bureau of Economic Research - 2023

Amidst the rise of remote work, we ask: what are the effects of proximity to coworkers? We find being near coworkers has tradeoffs: proximity increases long-run human capital development at the expense of short-term output. We study software engineers at a Fortune 500 firm, whose main campus has...

Persistent link: https://www.econbiz.de/10014437011

On the Allocation and Impacts of Managerial Training

Adhvaryu, Achyuta; Murathanoglu, Emir; Nyshadham, Anant - National Bureau of Economic Research - 2023

We study the allocation and productivity consequences of training production line supervisors in soft skills via a … randomized controlled trial. Consistent with standard practice for training investments within firms, we asked middle managers … -- who sit above supervisors in the hierarchy -- to nominate members of their supervisory team for training. Program access …

Persistent link: https://www.econbiz.de/10014322723

Assortative Matching and Wages : The Role of Selection

Borovičková, Katarína; Shimer, Robert - National Bureau of Economic Research - 2024

We develop a random search model with two-sided heterogeneity and match-specific productivity shocks to explain why high-productivity workers tend to work at high-productivity firms despite low-productivity workers gaining about as much from such matches. Our model has two key predictions: i)...

Persistent link: https://www.econbiz.de/10015145135