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This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10011444593
contrast to previous studies, we seek to assess the extent to which differences in wages between workers in covered and …. Finally, results from a trend-adjusted differencein - difference approach indicate that the industry-level wage premium in …
Persistent link: https://www.econbiz.de/10003671197
contrast to previous studies, we seek to assess the extent to which differences in wages between workers in covered and …
Persistent link: https://www.econbiz.de/10003401049
In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to two additional explanatory variables in the...
Persistent link: https://www.econbiz.de/10011440951
rate. Controlling for individual heterogeneity with respect to industry sector and job position decreases the estimated …
Persistent link: https://www.econbiz.de/10011445624
with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of … the workers. Accordingly, increases in union minimum wages result in a decline of residual wage dispersion and higher …
Persistent link: https://www.econbiz.de/10002590960
Because of endogeneity problems very few studies have been able to identify the incidence of corporate taxes on wages … find a negative effect of corporate taxation on wages: a 1 euro increase in tax liabilities yields a 77 cent decrease in …
Persistent link: https://www.econbiz.de/10009762793
groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …
Persistent link: https://www.econbiz.de/10003338004
relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable share of wage …
Persistent link: https://www.econbiz.de/10003268564
correlation between continuing vocational training and wages are examined. Results are compared in order to analyse in how far …
Persistent link: https://www.econbiz.de/10003314706