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than wage dispersion, due to a rise in the correlation between wages and hours worked. Over the same period, inequality in …-sectional distributions of hours worked, consumption and earnings. From 1967 to 1996 cross-sectional dispersion of earnings increased more …
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Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious …
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This paper analyses the welfare effects of changes in cross-sectional wage dispersion, using a class of tractable … productive workers. We find that the observed rise in wage dispersion in the United States over the past three decades implies a …
Persistent link: https://www.econbiz.de/10005123728
equilibrium joint distribution over wages, hours and consumption. With these expressions in hand, we show that all the structural … wages and hours, and cross-sectional data on consumption. We estimate the model on CEX and PSID data for the U.S. economy …
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This paper sets out to provide an understanding of how individuals form their preferences over the extent of their paid work involvement - their working time preferences - in different work environments and societal contexts. The main objective of the empirical analysis is to investigate how...
Persistent link: https://www.econbiz.de/10011632752
Larger firms feature i) longer hours worked, ii) higher wages, and iii) smaller (larger) wage penalties for working … of hours, wages, and firm size. In the model, workers willing to work longer hours sort into larger firms that offer a … firm hours. We use the model to argue about the importance of the interaction between hours, wages, and firm size on …
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a given industry, because firms paying below-market-level straight-time wages tend to award above-market-level overtime … premiums, and, conversely, firms paying above-market-level straight-time wages provide below-market-level overtime premiums …
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