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Wages and Seniority When Coworkers Matter : Estimating a Joint Production Economy Using Norwegian Administrative Data

Ferrall, Christopher - 2009

through a task-assignment model, and wages are determined through multi-lateral bargaining over the surplus that accrues to … the workforce. Seniority affects wages through workplace output and relative bargaining power. These channels are … production is important. Seniority affects bargaining power but is unproductive. We reinterpret gender and firm-size effects in …

Persistent link: https://www.econbiz.de/10013160314

Overeducation and ethnic minorities in Britain

Battu, Harminder; Sloane, Peter J. - 2002

consequences for earnings and other labour market outcomes. Using a modal measure of required education across sixty occupations we … fluency increases the likelihood of mismatch. The results from our earnings regressions support previous work in relation to …

Persistent link: https://www.econbiz.de/10011415198

The Uncertain Fair Wage-Effort Hypothesis and Wage Secrecy

Gan, Li - 2001

In this paper, we introduce uncertainty into Akerlof and Yellen (1990)'s fair wage effort hypothesis. In this uncertain fair wage hypothesis, employers do not have perfect information concerning an employee's perception of a fair wage, but assume the perceived fair wage is distributed as a...

Persistent link: https://www.econbiz.de/10014141153

Insights from Behavioral Economics on How Labor Markets Work

Altman, Morris - 2014

I discuss some key issues raised by behavioral economics for better understanding the working of the labor market. Amongst the key points in this paper are: (i) a revised modeling of the labor supply curve, with a specific focus on the target income approach (ii) elaborating on the importance of...

Persistent link: https://www.econbiz.de/10013050704

Concentration and other wage determinants

Martins, Ana Paula - 2018

of "Classificação das Actividades Económicas" -, and control for other wage determinants, as usually done in earnings …

Persistent link: https://www.econbiz.de/10011870141

The Lemons Problem in a labor market with intrinsic motivation : when higher salaries pay worse workers

Barigozzi, Francesca; Burani, Nadia; Raggi, Davide - 2013

We study the Lemons Problem when workers have private information on both their skills and their intrinsic motivation …

Persistent link: https://www.econbiz.de/10011730993

Chapter 33 Firm size and wages

Oi, Walter Y.; Idson, Todd L. - In: Handbook of labor economics : volume 3, part B, (pp. 2165-2214). 1999

Jobs differ along many dimensions including firm size. The wage gap due to firm size of 35% is comparable to the gender wage gap of 36% for men over women and greater than the wage gap of 14% for whites over black employees. The size-wage premium is larger for men and varies across industries....

Persistent link: https://www.econbiz.de/10014024713

Why Has CEO Pay Increased so Much?

Gabaix, Xavier; Landier, Augustin - 2008

This paper develops a simple competitive model of CEO pay. A large part of the rise in CEO compensation in the US economy is explained without assuming managerial entrenchment, mishandling of options, or theft. CEOs have observable managerial talent and are matched to assets in a competitive...

Persistent link: https://www.econbiz.de/10014027084

Employment cyclicality by firm size, wage, and productivity in Brazil

Cravo, Túlio; Jacinto, Paulo de Andrade; Schimanski, … - 2018 - Version: August 27th, 2018

The important debate about how economic fluctuations affect employment reallocation in heterogeneous businesses is currently open in the literature. This debate is relevant as it matters for the understanding of the labor market dynamics, and for devising labor policies that aim at dampening...

Persistent link: https://www.econbiz.de/10011927684

Why Has CEO Pay Increased so Much?

Gabaix, Xavier - 2008

Persistent link: https://www.econbiz.de/10012727167