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Compensating Wage Differentials In Stable Job Matching Equilibrium
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Book Synopsis Compensating Wage Differentials in Stable Job Matching Equilibrium by : Seungjin Han
Download or read book Compensating Wage Differentials in Stable Job Matching Equilibrium written by Seungjin Han and published by . This book was released on 2015 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract This paper studies implicit pricing of non-wage job characteristics in the labor market using a two-sided matching model. It departs from the previous literature by allowing worker heterogeneity in productivity, which gives rise to a double transaction problem in a hedonic model. Deriving sufficient conditions under which assortative matching is the unique stable job-worker matching, we show that observed wage differentials between jobs reflect not only compensating wage differentials, but also worker productivity gaps between the jobs. We find that the job-worker matching pattern determines the extent to which compensating wage differentials are confounded with the worker productivity gap effect.
Book Synopsis Compensating Wage Differences by : Michael Sattinger
Download or read book Compensating Wage Differences written by Michael Sattinger and published by . This book was released on 1976 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment Risk and Wage Differentials by : Roberto Pinheiro
Download or read book Unemployment Risk and Wage Differentials written by Roberto Pinheiro and published by . This book was released on 2013 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Studies in Labor Markets by : Sherwin Rosen
Download or read book Studies in Labor Markets written by Sherwin Rosen and published by University of Chicago Press. This book was released on 2007-12-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume present an excellent sampling of the best of current research in labor economics, combining the most sophisticated theory and econometric methods with high-quality data on a variety of problems. Originally presented at a Universities-National Bureau Committee for Economic Research conference on labor markets in 1978, and not published elsewhere, the thirteen papers treat four interrelated themes: labor mobility, job turnover, and life-cycle dynamics; the analysis of unemployment compensation and employment policy; labor market discrimination; and labor market information and investment. The Introduction by Sherwin Rosen provides a thoughtful guide to the contents of the papers and offers suggestions for continuing research.
Book Synopsis The Marriage Premium and Compensating Wage Differentials by : W. Robert Reed
Download or read book The Marriage Premium and Compensating Wage Differentials written by W. Robert Reed and published by . This book was released on 1988 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Preferences, Comparative Advantage, and Compensating Wage Differentials for Job Routinization by : Climent Quintana-Domeque
Download or read book Preferences, Comparative Advantage, and Compensating Wage Differentials for Job Routinization written by Climent Quintana-Domeque and published by . This book was released on 2010 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Equilibrium Search-matching Model of Discrimination by : Åsa Rosén
Download or read book An Equilibrium Search-matching Model of Discrimination written by Åsa Rosén and published by . This book was released on 1992 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Quality Distribution of Jobs and the Structure of Wages in Search Equilibrium by : Steven J. Davis
Download or read book The Quality Distribution of Jobs and the Structure of Wages in Search Equilibrium written by Steven J. Davis and published by . This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: When match formation is costly and wage determination is decentralized, privately optimal investments in job and worker quality diverge from socially efficient outcomes. To explore this issue, I consider search equilibrium environments with endogenous quality distributions for jobs and workers. I show that a search equilibrium with decentralized wage setting exhibits excessive relative supplies of inferior jobs and inferior workers. Moreover, there are fundamental tensions between the standard wage-setting condition for an efficient total supply of jobs (and workers) in two-sided search models and the conditions required for efficient mixes of jobs and workers. I also derive the efficient wage structure, contrast its properties to the decentralized wage structure and evaluate the welfare and productivity gains of moving to an efficient wage structure. Numerical exercises show that centralized bargaining between a labor union and an employer confederation over the structure of wages can improve productivity and welfare by compressing job-related wage differentials
Download or read book Wage Dispersion written by Dale Mortensen and published by MIT Press. This book was released on 2003 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.
Book Synopsis Labor Economics, second edition by : Pierre Cahuc
Download or read book Labor Economics, second edition written by Pierre Cahuc and published by MIT Press. This book was released on 2014-08-15 with total page 1081 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of a widely used, comprehensive graduate-level text and professional reference covering all aspects of labor economics, with substantial new material. This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Its command of the literature and its coverage of the latest theoretical, methodological, and empirical developments make it also a valuable resource for practicing labor economists. This second edition has been substantially updated and augmented. It incorporates examples drawn from many countries, and it presents empirical methods using contributions that have proved to be milestones in labor economics. The data and codes of these research publications, as well as numerous tables and figures describing the functioning of labor markets, are all available on a dedicated website (www.labor-economics.org), along with slides that can be used as course aids and a discussion forum. This edition devotes more space to the analysis of public policy and the levers available to policy makers, with new chapters on such topics as discrimination, globalization, income redistribution, employment protection, and the minimum wage or labor market programs for the unemployed. Theories are explained on the basis of the simplest possible models, which are in turn related to empirical results. Mathematical appendixes provide a toolkit for understanding the models.
Book Synopsis Compensating Wage Differentials Versus Efficiency Wages by : Mahmood Arai
Download or read book Compensating Wage Differentials Versus Efficiency Wages written by Mahmood Arai and published by . This book was released on 1991 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hedonic Wage Equilibrium by : Thomas J. Kniesner
Download or read book Hedonic Wage Equilibrium written by Thomas J. Kniesner and published by Now Publishers Inc. This book was released on 2010 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedonic Wage Equilibrium examines empirically and theoretically the properties of the equilibrium wage function.
Book Synopsis Only If You Pay Me More by : Claus C. Pörtner
Download or read book Only If You Pay Me More written by Claus C. Pörtner and published by . This book was released on 2015 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensating wage differentials is Adam Smith's idea that wage differences equalize differences in job and worker characteristics. Other than risk of death, however, no job characteristics have consistently been found to affect wages, likely because of problems with self-selection and unobservable job characteristics. We run experiments in an online labor market, randomizing offered pay and job characteristics, thereby overcoming both problems. We find, as predicted by our model, that increasing job disamenities significantly reduces both likelihood of working and amount of work supplied. Correspondingly, the wage increases necessary to compensate workers for worse job disamenities are substantial, supporting the theory.
Book Synopsis Overeducation in Europe by : the late Felix Büchel
Download or read book Overeducation in Europe written by the late Felix Büchel and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Overeducation is one of the most important mechanisms for labor market adjustment when there is an excess supply of high-skilled workers. However, there is much debate about the consequences of this phenomena and the short and long term effects for both the overeducated worker and the economy as a whole. This book contributes to our understanding of recent developments in the research on overeducation by providing a detailed overview of the pertinent theoretical and policy issues."
Download or read book Labor Economics written by Pierre Cahuc and published by MIT Press. This book was released on 2004 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive graduate-level text and professional reference covering all aspects of labor economics.
Book Synopsis Compensating Wage Differentials and Job Risk by : Evangelia G. Papapetrou
Download or read book Compensating Wage Differentials and Job Risk written by Evangelia G. Papapetrou and published by . This book was released on 1994 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Equilibrium Unemployment Theory, second edition by : Christopher A. Pissarides
Download or read book Equilibrium Unemployment Theory, second edition written by Christopher A. Pissarides and published by MIT Press. This book was released on 2000-03-02 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.
