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Labor economics often assumes that wages w are equal to the marginal revenue product of labor MRP L. However, recent … literature has shown that firms' market power allows them to pay wages substantially below marginal productivity. The markdown … workers' heterogeneous preferences over jobs that differ in wages and amenities. Finally, in search and matching models, it …
Persistent link: https://www.econbiz.de/10015173643
- Germany and Greece. We thus find that in most countries dispersion in earnings increases with educational levels and that …
Persistent link: https://www.econbiz.de/10011325999
We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes that occurred since the 1990s. The model and the...
Persistent link: https://www.econbiz.de/10011455316
We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes that occurred since the 1990s. The model and the...
Persistent link: https://www.econbiz.de/10012996529
der Probleme auf dem Arbeitsmarkt zu sein. Um Deutschland wettbewerbsfähig zu halten, versuchen die politischen … schaffen. Doch wie effizient sind diese Reformen und wie wirken sie auf den Arbeitsmarkt? Welche Rolle spielen dabei die … auf dem Arbeitsmarkt sollen die Wirkungen der Arbeitslosenversicherung kausal darstellen. Konjunkturbedingte Veränderungen …
Persistent link: https://www.econbiz.de/10008622251
We use a new and large panel dataset of household income to shed light on the permanent versus transitory nature of rising inequality in individual male labor earnings and in total household income, both before and after taxes, in the United States over the period 1987-2006. Due to the quality...
Persistent link: https://www.econbiz.de/10013112656
urban manufacturing firms. The impact of HIV on average wages is positive but imprecisely estimated. In contrast, HIV has a … large positive impact on the skill premium. The impact of HIV on the wages of low skilled workers is insignificantly …
Persistent link: https://www.econbiz.de/10013108226
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10011688036
), caused by the coexistence of both full- and part-time wage rates, and makes wages fully endogenous to the labor supply choice …
Persistent link: https://www.econbiz.de/10011576568
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10011709378