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The U.S. workforce is substantially older and better-educated than it was at the end of the 1970s. The typical worker in 2010 was seven years older than in 1979. In 2010, over one-third of US workers had a four-year college degree or more, up from just one-fifth in 1979. Given that older and...
Persistent link: https://www.econbiz.de/10010561374
This paper examines the decline in unionization in the United States that began to occur in about 1960. While various explanations have been put forward to explain this – with many focusing on some form of structural changes to the economy or to the workforce, usually related to globalization...
Persistent link: https://www.econbiz.de/10010569383
The decline in the economy’s ability to create good jobs is related to deterioration in the bargaining power of workers, especially those at the middle and the bottom of the pay scale. The restructuring of the U.S. labor market – including the decline in the inflation-adjusted value of the...
Persistent link: https://www.econbiz.de/10010569385
Following the approach recently developed for the International Wage Flexibility Project (IWFP), the paper presents new estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in Hungary than real rigidity. When compared to other...
Persistent link: https://www.econbiz.de/10009350590
Contrary to most European countries, indexation rules of the French minimum wage are very precise. However, three possible rules are consistent with the texts, which diverge in particular in periods of deflation or of negative growth of real wages. The alternative interpretations can have a...
Persistent link: https://www.econbiz.de/10008615373
This report reviews unionization rates, the size and composition of the unionized workforce, and the wage and benefit advantage for union workers in each of the fifty states and the District of Columbia, using the most recent data available and focusing on the period 2003-2009. Pooling data from...
Persistent link: https://www.econbiz.de/10008623385
I was unable to copy/paste the abstract, but the paper argues that amenities exert an important effect on wage differentials over space. Indeed, we show that as much has half of the apparent effect of unionization on wages is actually compensation for less desirable climate in locations that are...
Persistent link: https://www.econbiz.de/10008567673
During the 70?s, the outstanding achievement of the ?Third Italy? led to the rehabilitation of the Marshallian concept of industrial district and to a growing number of studies on the productive system whose development can be mostly explained by the geographical concentration of activities. At...
Persistent link: https://www.econbiz.de/10008578742
After steady employment growth since the 1990s, Spain has experienced the sharpest increase in unemployment among OECD countries during the crisis, amplified by structural problems of the labour market. Very high de facto severance payment of permanent contracts has resulted in a rigid dual...
Persistent link: https://www.econbiz.de/10008854032
This paper argues that changes in the returns to occupational tasks have contributed to changes in the wage distribution over the last three decades. Using Current Population Survey (CPS) data, we first show that the 1990s polarization of wages is explained by changes in wage setting between and...
Persistent link: https://www.econbiz.de/10008854763