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In this paper I construct a search model of a large labor market in which workers are heterogeneous in productivity and … (homogeneous) firms post wages and a ranking of workers to direct workers' search. I establish the following results. First, the … wage differential is negatively related to productivity when the productivity differential is small, while a positive …
Persistent link: https://www.econbiz.de/10005704712
``family gap\\\" in wages accounts for almost half the gender gap in wages. Proponents of mandatory-leave policies argue that …
Persistent link: https://www.econbiz.de/10005704758
Using panel data from the National Longitudinal Survey of Youth (NLSY), we document that gender differences in wages … labor supply and wages over the life cycle. In our model, fertility lowers the lifetime intensity of market activity … fertility accounts for most of the gender differences in labor supply and wages during the life cycle documented in the NLSY …
Persistent link: https://www.econbiz.de/10005704827
1347-48, followed by other waves of bubonic plague, led to an abrupt rise in real wages, for both agricultural labourers … century. While there is no doubt that real-wages in mid- to late- 15th century England did reach a peak far higher than that … ever achieved in past centuries, real wages in England did not, in fact, rise in the immediate aftermath of the Black Death …
Persistent link: https://www.econbiz.de/10005827233
This comparative study of money, coinages, prices, and wages in southern England and the southern Low Countries had its … the problem of 'wage stickiness', so that real wages were essentially a function of changes in the price level (rather … paper focusses on the purchasing power of both coins and of building craftsmen's wages in England and the southern …
Persistent link: https://www.econbiz.de/10005827250
trades, this monetary reform could work effectively only if wages were cut proportionately; and such wage-cutting policies … naturally provoked bitter resentment (even though the ongoing deflation in fact raised real wages). In the Flemish cloth … draper-entrepreneurs only half of their demanded cuts. One of these contracts specified the fullers' new wages in terms of …
Persistent link: https://www.econbiz.de/10005771725
Despite mandatory parental leave policies being a prevalent feature of labor markets in developed countries, their aggregate effects in the economy are not well understood. To assess their quantitative impact, we develop a general equilibrium model of fertility and labor market decisions that...
Persistent link: https://www.econbiz.de/10008497623
values of commodity baskets and a mason�s daily wage: 1331-1570 (no. of days� wages to buy one cloth); (8) Prices of … composite price index; and the no. of days� wages for a master mason to buy one Mechelen broadcloth, 1351-1520; (11) Prices of … mason's daily wages; (12) Purchase prices of Ghent woollens: by rank order of values, 1360-69: in pounds groot Flemish …
Persistent link: https://www.econbiz.de/10005827229
wages and a fall in rents; and in general to rising living standards. This in turn led to a rise in relative prices for non … wages, which had been declining before the Black Death, did not rise immediately following the Black Death, did not recover … Flanders, not until the 1390s. The subsequent rise in real wages was fundamentally, if not exclusively, the consequence of …
Persistent link: https://www.econbiz.de/10005827262
There are substantial cross-country differences in labor supply late in the life cycle (age 50+). A theory of labor supply and retirement decisions is developed to quantitatively assess the role of social security, disability insurance, and taxation for understanding differences in labor supply...
Persistent link: https://www.econbiz.de/10009369457