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If nominal wages cannot fall, then positive inflation may facilitate real wage adjustment. We examine data on individuals' wage changes and find only limited evidence of such downward nominal rigidity. The shape of the distribution of wage changes is little affected by the rate of inflation....
Persistent link: https://www.econbiz.de/10012792009
Using data on Pennsylvania public schools for the period 1978-84, the authors investigate the effects of bargainer experience on the frequency and duration of strikes. They find that increases in the negotiation experience of the chief or principal bargainer on either side, as well as increases...
Persistent link: https://www.econbiz.de/10005516004
This paper examines whether a trade-off exists between the level of pension benefits and wages. The 1983 Survey of Consumer Finance is used to match detailed information on pension plans to worker characteristics for a random sample of the population. The pension-wage tradeoff is estimated using...
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Victor Fuchs has suggested that the persistent positive correlation between education and health habits can be explained by interpersonal differences in the discount rate. If Fuchs is correct, some health habits can be used as instruments for education in standard wage equations. We use whether...
Persistent link: https://www.econbiz.de/10005774932
Despite an extensive literature examining the effects of unions on wages, little attention has been paid to the resultant aggregate employment consequences of this change in the relative cost of unionized labor. This article uses 1983 Current Population Survey data to estimate the effects of...
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