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shocks improves the model fit considerably. The empirical strategy allows for the estimation of the Marshallian labor supply … Income Dynamics (PSID) für die USA zeigen, dass sowohl Lohn- als auch Stundenshocks eine wichtige Rolle für die Erklärung der …
Persistent link: https://www.econbiz.de/10011911518
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012145317
We investigate whether working time is related to the intensity of income comparisons and relative income. Our simple theoretical model demonstrates that the effects of relative income concerns depend on whether an individual can choose contractual working hours and/or overtime. In the empirical...
Persistent link: https://www.econbiz.de/10010337852
In this investigation, a political economy model of the labor market is proposed, where unions offer their (old and new …) affiliates the combinations between the average real wage level and the standard deviation of wages or salaries. Globalization … and other forces, however, have made it recently more difficult to the unions to pursue their policy in the backdrop of a …
Persistent link: https://www.econbiz.de/10011704203
We structurally estimate an equilibrium search model using German administrative data and use this for counterfactual analyses of a uniform minimum wage. The model with worker and firm heterogeneity does not restrict the sign of employment effects a priori and allows for different job offer...
Persistent link: https://www.econbiz.de/10011878536
We structurally estimate an equilibrium search model using German administrative data and use this for counterfactual analyses of a uniform minimum wage. The model with worker and firm heterogeneity does not restrict the sign of employment effects a priori and allows for different job offer...
Persistent link: https://www.econbiz.de/10011879040
Persistent link: https://www.econbiz.de/10015398600
Persistent link: https://www.econbiz.de/10011418078
Numerous studies analyze gender wage differences focusing on gross hourly wages. The analysis of differences in gross … wages allows statements on productivity differences between men and women and to quantify the unexplainable wage gap which … further and ask how differences in gross wages in particular the unexplained gap show up in disposable income and its …
Persistent link: https://www.econbiz.de/10010487268
policies that distinguish between low effort and low productivity by targeting individuals with low wages rather than …
Persistent link: https://www.econbiz.de/10012780457