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Rising Wage Inequality and Postgraduate Education
wage inequality postgraduate education computers
2012/10/23
This paper considers what has hitherto been a relatively neglected subject in the wage inequality literature, albeit one that has been becoming more important over time, namely the role played by incr...
The Process of Wage Adjustment: An Analysis Using Establishment-Level Data
pay settlements collective bargaining wage negotiation
2012/10/23
This article presents a study of the influences on the factors that shape wage adjustments. The cost of living, comparability with other firms' wages, the fulfilment of collective agreements at sector...
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market and obtains two key results. First, we show that a binding minimum wage–while leading ...
Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment
wage dispersion wage setting rank-preserving equilibrium
2012/10/24
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, fi...
The Trend over Time of the Gender Wage Gap in Italy
gender wage gap counterfactual distributions decompositions hazard function labour market reforms
2012/10/24
We analyse gender wage inequalities in Italy in the mid-1990s and in the mid-2000s. In this period important labour market developments occurred: institutional changes have loosened the use of flexibl...
Wage Dispersion and Labor Turnover with Adverse Selection
adverse selection on-the-job search wage dispersion sorting
2012/10/24
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. W...
Underreporting of Earnings and the Minimum Wage Spike
minimum wage spike underreporting lighthouse effect
2012/10/24
This paper documents a positive correlation within European labour markets between the proportion of full-time employees with earnings on the minimum wage and the extent of underreporting of earnings ...
Using CPS data from 1979-2009 we examine how cyclical downturns and industry-specific demand shocks affect wage differentials between white non-Hispanic males and women, Hispanics and African-American...
Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data
wage stickiness wage bargaining minimum wage downward nominal wage rigidity
2012/10/26
Using several unique data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness and the impact of wage-setting institutions on wage rigidity...
Using the Helmert-Transformation to Reduce Dimensionality in a Mixed Model: Application to a Wage Equation with Worker and Firm Heterogeneity
high-dimensional two-way unobserved components matched employer-employee data ECM-algorithm
2012/10/25
A model for matched data with two types of unobserved heterogeneity is considered ?one related to the observation unit, the other to units to which the observation units are matched. One or both of th...
Evolution of the Industrial Wage Structure in China Since 1980
industry-wage structure inequality China
2012/10/25
Industry mean wages in China have exhibited sharply increased dispersion since the early 1990s. The upward trend in differences of average wages among major industry groups parallels increases in wage...
Wage Rigidity and Disinflation in Emerging Countries
downward wage rigidity indexation matched employer-employee data emerging economies
2012/10/26
This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative ...
Does Wage Dispersion Make All Firms Productive?
wage dispersion labour productivity personnel economics matched employer-employee panel data
2012/10/26
This article puts the relationship between wage dispersion and firm productivity to an updated test, taking advantage of access to detailed Belgian linked employer-employee panel data. Controlling for...
Do Frictions Matter in the Labor Market? Accessions, Separations and Minimum Wage Effects
minimum wage labor market flows monopsony Bayesian estimation
2012/10/26
We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified f...
Money and Happiness: Evidence from the Industry Wage Structure
life satisfaction well-being
2012/10/30
There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this co...