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Strategic wage setting and coordination frictions with multiple applications

Gautier, Pieter; Moraga-González, José Luis - 2004

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

Persistent link: https://www.econbiz.de/10011335208

Is Training More Frequent When Wage Compression Is Higher? Evidence from the European Community Household Panel

Bassanini, Andrea; Brunello, Giorgio - 2003

When labor markets are imperfectly competitive, firms may be willing to finance general training if the wage structure is compressed, that is, if the increase of productivity after training is greater than the increase in pay. We propose a novel way of testing this proposition, which exploits...

Persistent link: https://www.econbiz.de/10010261569

Overeducation, Wages and Promotions within the Firm

Groeneveld, Sandra; Hartog, Joop - 2003

We analyse data from personnel records of a large firm producing energy and telecommunication and test for the effect of deviations between required and attained education of workers. Required education is measured as hiring standards set by the firm. We find the usual effects of over- and...

Persistent link: https://www.econbiz.de/10010261599

Employee Training and Wage Compression in Britain

Almeida-Santos, Filipe; Mumford, Karen - 2004

We use linked data for 1,460 workplaces and 19,853 employees from the Workplace Employee Relations Survey 1998 to analyse the incidence and duration of employee training in Britain. We find training to be positively associated with having a recognised vocational qualification and current union...

Persistent link: https://www.econbiz.de/10010261946

The (Unexpected) Structure of ?Rents? on the French and British Labour Markets

Clark, Andrew E.; Senik, Claudia - 2004

This paper considers the allocation of labour on the French and British markets, using objective wage and subjective satisfaction data. We show that, in some sectors, workers enjoy both higher wages and higher job satisfaction. We argue that this reflects labour market wage rents. Perhaps...

Persistent link: https://www.econbiz.de/10010262172

On the Cyclicality and Stability of Real Earnings

Hart, Robert A.; Malley, James R. - 1999

We show in this paper that important insights into the cyclical behaviour of wages can be gained by dividing (real) average hourly earnings into their straight-time hourly wage and overtime components. Our motivation is based on the idea of employment-contingent contracts. BLS published and...

Persistent link: https://www.econbiz.de/10010262275

Endogenous Wage and Capital Dispersion, On-the-Job Search and the Matching Technology

Galindo-Rueda, Fernando - 2002

dynamic features of job-worker flows, wage dispersion and mobility as well as search on the job. The basic model is also … extended to endogenise firms? optimal investment in job-specific capital and search efforts undertaken by both employed and … identification of the wage offer distribution and may also bias subsequent inferences about underlying search cost parameters. …

Persistent link: https://www.econbiz.de/10010262443

Multinational firms and heterogeneous labor

Larch, Mario; Lechthaler, Wolfgang - 2008

In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most suitable workers. In such an environment a multinational corporation has an advantage because it can exchange workers between plants in different countries. In this way it can...

Persistent link: https://www.econbiz.de/10010263523

Union wage compression in a Right-to-Manage model

Vogel, Thorsten - 2007

Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low-skilled workers. The present paper argues that an extended Right-to-Manage model can account for both of these findings. In this model unions compress the wage distribution by...

Persistent link: https://www.econbiz.de/10010265663

Wage structure and labour mobility in the West German private sector 1993-2000

Alda, Holger; Bellmann, Lutz - 2005

Since the early 90's the West German firms have to deal with sharp changes of economic environment: the German Unification, the emerging competitors in the east European countries and the deregulation of several labour market institutions. We analyse the wage structure, the wage changes and the...

Persistent link: https://www.econbiz.de/10010266773