Labor Market Power And Occupational Choice

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Labor Market Power and Occupational Choice

Author : Felipe Balmaceda
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Labor Market Power and Occupational Choice by : Felipe Balmaceda

Download or read book Labor Market Power and Occupational Choice written by Felipe Balmaceda and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper integrates labor market power and occupational choice, specifically the choice between paid employment and self-employment, to examine the mutual effects between the two. Neglecting the consideration of occupational choice leads to upwardly biased estimates regarding the influence of labor market power on wages, while simultaneously underestimating the returns to skills. Similarly, disregarding labor market power results in biased estimates favoring increased participation in paid employment and higher-income individuals engaging in self-employment. The model employed in this paper allows for the investigation of how labor market power and occupational choice impact wage inequality, skill mismatch, and skills acquisition. Furthermore, the study examines the potential of minimum wages, taxes, and subsidies to mitigate labor market power and its associated consequences.

Transitions through the Labor Market

Author : Solomon W. Polachek
Publisher : Emerald Group Publishing
ISBN 13 : 1787564614
Total Pages : 319 pages
Book Rating : 4.7/5 (875 download)

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Book Synopsis Transitions through the Labor Market by : Solomon W. Polachek

Download or read book Transitions through the Labor Market written by Solomon W. Polachek and published by Emerald Group Publishing. This book was released on 2018-08-09 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains seven original and innovative articles which analyze labor market transitions, how individuals progress from school to work, choose a particular occupation, move up the job ladder, and finally withdraw from the workforce to retirement. Investigations are done by race and gender; and social implications are examined.

Social Preferences, Occupational Choice and Labor Market Performance

Author : Ebru Isgin
Publisher :
ISBN 13 :
Total Pages : 71 pages
Book Rating : 4.:/5 (847 download)

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Book Synopsis Social Preferences, Occupational Choice and Labor Market Performance by : Ebru Isgin

Download or read book Social Preferences, Occupational Choice and Labor Market Performance written by Ebru Isgin and published by . This book was released on 2013 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first essay analyzes the role of information transparency on fairness and reciprocity in long-term labor market relationships. The main finding of the second chapter is that transparency serves as an effective mechanism to both improve worker welfare and total market efficiency. Fairness, which means that an increase in the generosity of a contract offer is reciprocated by an increase in the effort level, is a prominent concern under information transparency. When workers are informed about firms' productivity levels and potential profits, firms propose higher wages that represent a more fair division of total surplus. Workers respond to generous offers with high effort levels. However, workers' response to wages is not constant and depends on the following factors. It is elevated with information transparency. That is, for given wages, workers provide more effort under full information. It also depends on whether a wage offer represents a fair share of the final surplus. The second essay analyzes the role of information transparency and communication in short-term employment relationships. The evidence shows that the level of trust and reciprocity is significantly reduced if there is no contract renewal. While information transparency was critical in long-term relationships, it does not have a substantial effect in short-term relationships. Wage offers are lower and compressed regardless of how workers are informed. On the other hand, communication enhances trust and reciprocity more significantly than any other factor that is controlled for. The third essay studies the occupational choice of agents between working for wages and becoming entrepreneurs. The main finding is that policies that improve worker's welfare also improve the terms for entrepreneurs. If the tax rates on entrepreneurs and the working wages are raised, entry into entrepreneurship slows down. This increases the average quality and consequently, the average success rate of entrepreneurs when a high wage-high tax regime is adopted. The credit market offers lower interest rates to potential entrepreneurs due to higher average success rates. On the other hand, overconfidence exists among potential entrepreneurs. The average rate of success is lower with overconfidence, which only worsens the adverse selection problem in the credit market.

Occupational Choice and Matching in the Labor Market

Author : Aloysius Siow
Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Occupational Choice and Matching in the Labor Market by : Aloysius Siow

Download or read book Occupational Choice and Matching in the Labor Market written by Aloysius Siow and published by . This book was released on 2017 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrating Roy with Becker, this paper studies occupational choice and matching in the labor market. Our model generates occupation earnings distributions which are right skewed, have firm fixed effects, and large changes in aggregate earnings inequality without significant changes in within firm inequality. The estimated model fits the earnings distribution both across and within firms in Brazil in 1999. It shows that the recent decrease in aggregate Brazilian earnings inequality is largely due to the increase in her educational attainment over the same years. A simulation of skilled biased technical change in the model also qualitatively fits the recent changes in earnings inequality in the United States.

Monopsony in Motion

Author : Alan Manning
Publisher : Princeton University Press
ISBN 13 : 1400850673
Total Pages : 414 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Monopsony in Motion by : Alan Manning

Download or read book Monopsony in Motion written by Alan Manning and published by Princeton University Press. This book was released on 2013-12-03 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.

Labor Markets, Employment Policy, And Job Creation

Author : Lewis C. Solmon
Publisher : Routledge
ISBN 13 : 0429723601
Total Pages : 394 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Labor Markets, Employment Policy, And Job Creation by : Lewis C. Solmon

Download or read book Labor Markets, Employment Policy, And Job Creation written by Lewis C. Solmon and published by Routledge. This book was released on 2019-03-07 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This clear, accessible volume provides a comprehensive overview of the ongoing debate over the determining factors of and key influences on employment growth and labor market training, education, and related policies in the United States. Drawing on the work of distinguished labor economists, the chapters tackle questions posed by job and skill demands in the "new high-tech economy" and explore sources of employment growth; productivity growth and its implications for future employment; government mandates, labor costs, and employment; and labor force demographics, income inequality, and returns to human capital. These topics are central concerns for government, which must judge every prospective policy proposal by its effects on employment growth. Washington keeps at least one eye firmly on the jobs picture, and public officials at every level are constantly aware of the issues surrounding American job security. The jobs issue reaches beyond this focus on the unemployment rate and on total employment, including the rate at which employment is seen as growing, the growth of real wages, the security of employment, returns to human capital, uncertainty about the education and training best suited for a world of rapidly changing economic conditions, and the distribution of the gains from growth across economic classes and population groups.

Inequality and the Labor Market

Author : Sharon Block
Publisher : Brookings Institution Press
ISBN 13 : 0815738811
Total Pages : 263 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Inequality and the Labor Market by : Sharon Block

Download or read book Inequality and the Labor Market written by Sharon Block and published by Brookings Institution Press. This book was released on 2021-04-06 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring a new agenda to improve outcomes for American workers As the United States continues to struggle with the impact of the devastating COVID-19 recession, policymakers have an opportunity to redress the competition problems in our labor markets. Making the right policy choices, however, requires a deep understanding of long-term, multidimensional problems. That will be solved only by looking to the failures and unrealized opportunities in anti-trust and labor law. For decades, competition in the U.S. labor market has declined, with the result that American workers have experienced slow wage growth and diminishing job quality. While sluggish productivity growth, rising globalization, and declining union representation are traditionally cited as factors for this historic imbalance in economic power, weak competition in the labor market is increasingly being recognized as a factor as well. This book by noted experts frames the legal and economic consequences of this imbalance and presents a series of urgently needed reforms of both labor and anti-trust laws to improve outcomes for American workers. These include higher wages, safer workplaces, increased ability to report labor violations, greater mobility, more opportunities for workers to build power, and overall better labor protections. Inequality in the Labor Market will interest anyone who cares about building a progressive economic agenda or who has a marked interest in labor policy. It also will appeal to anyone hoping to influence or anticipate the much-needed progressive agenda for the United States. The book's unusual scope provides prescriptions that, as Nobel Laureate Joseph Stiglitz notes in the introduction, map a path for rebalancing power, not just in our economy but in our democracy.

Adverse Selection in the Labor Market

Author : Bruce C. Greenwald
Publisher : Dissertations-G
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Adverse Selection in the Labor Market by : Bruce C. Greenwald

Download or read book Adverse Selection in the Labor Market written by Bruce C. Greenwald and published by Dissertations-G. This book was released on 1979 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Employment and Wages

Author :
Publisher :
ISBN 13 :
Total Pages : 888 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Employment and Wages by :

Download or read book Employment and Wages written by and published by . This book was released on 1963 with total page 888 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Women and the Economy

Author : Susan L. Averett
Publisher : Oxford University Press
ISBN 13 : 0190878266
Total Pages : 889 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis The Oxford Handbook of Women and the Economy by : Susan L. Averett

Download or read book The Oxford Handbook of Women and the Economy written by Susan L. Averett and published by Oxford University Press. This book was released on 2018-05-15 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of women's lives over the past century is among the most significant and far-reaching of social and economic phenomena, affecting not only women but also their partners, children, and indeed nearly every person on the planet. In developed and developing countries alike, women are acquiring more education, marrying later, having fewer children, and spending a far greater amount of their adult lives in the labor force. Yet, because women remain the primary caregivers of children, issues such as work-life balance and the glass ceiling have given rise to critical policy discussions in the developed world. In developing countries, many women lack access to reproductive technology and are often relegated to jobs in the informal sector, where pay is variable and job security is weak. Considerable occupational segregation and stubborn gender pay gaps persist around the world. The Oxford Handbook of Women and the Economy is the first comprehensive collection of scholarly essays to address these issues using the powerful framework of economics. Each chapter, written by an acknowledged expert or team of experts, reviews the key trends, surveys the relevant economic theory, and summarizes and critiques the empirical research literature. By providing a clear-eyed view of what we know, what we do not know, and what the critical unanswered questions are, this Handbook provides an invaluable and wide-ranging examination of the many changes that have occurred in women's economic lives.

Industries, Firms, and Jobs

Author : George Farkas
Publisher : Routledge
ISBN 13 : 1351512676
Total Pages : 614 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Industries, Firms, and Jobs by : George Farkas

Download or read book Industries, Firms, and Jobs written by George Farkas and published by Routledge. This book was released on 2017-09-08 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the links among industrial structure, segmentation, the internal structure of firms, job characteristics, technology, productivity, labor markets, and product markets? The answers, posited by a distinguished group of sociologists and economists, have gained resonance as the field of economic sociology has grown. In this expanded edition, the editors and their economist colleague, Kevin Lang, explore the theoretical interstices and update the references.Sociologists and economists have responded differently to work within the other discipline. For some sociologists, the typical economic assumption of basic actors engaged in rational action is both unrealistic and objectionable. Other sociologists have not always agreed with everything economists do, they have seen ""rational choice"" as a partially true description of human behavior and as a starting point for sociological theorizing. Among economists, the situation is quite different: most have maintained their basic rational choice model while pushing aggressively into substantive areas previously addressed only by sociologists and political scientists.Industries, Firms, and Jobs is a welcome reassertion of an old tradition of interdisciplinary research. That tradition has recently weakened, largely because of an enormous expansion of the domain of neoclassical economics. The expansion has fed on two scientific developments: human capital theory and contract theory. This book is an invaluable resource for all economists, sociologists, labor specialists, and business professionals.

Occupational Choice and Development

Author : Jan Eeckhout
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Occupational Choice and Development by : Jan Eeckhout

Download or read book Occupational Choice and Development written by Jan Eeckhout and published by . This book was released on 2014 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output gains are U-shaped: A worldwide labor market raises output by more in the rich and the poor countries, and by less in the middle-income countries. This is because the middle-income countries experience the smallest change in the factor-price ratio, and where the option to choose between wage work and managerial work has the least value in the integrated economy. Our theory also establishes that after economic integration, the high skill countries see a disproportionate increase in managerial occupations. Using aggregate data on GDP, openness and occupations from 115 countries, we find evidence for these patterns of occupational choice.

Product Market Structure and Labor Market Discrimination

Author : John S. Heywood
Publisher : SUNY Press
ISBN 13 : 9780791466230
Total Pages : 244 pages
Book Rating : 4.4/5 (662 download)

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Book Synopsis Product Market Structure and Labor Market Discrimination by : John S. Heywood

Download or read book Product Market Structure and Labor Market Discrimination written by John S. Heywood and published by SUNY Press. This book was released on 2006-01-19 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measures the relationship between market competition and the treatment of women, minorities, and the disabled in the workplace.

Private Government

Author : Elizabeth Anderson
Publisher : Princeton University Press
ISBN 13 : 0691192243
Total Pages : 222 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Private Government by : Elizabeth Anderson

Download or read book Private Government written by Elizabeth Anderson and published by Princeton University Press. This book was released on 2019-04-30 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why our workplaces are authoritarian private governments—and why we can’t see it One in four American workers says their workplace is a “dictatorship.” Yet that number almost certainly would be higher if we recognized employers for what they are—private governments with sweeping authoritarian power over our lives. Many employers minutely regulate workers’ speech, clothing, and manners on the job, and employers often extend their authority to the off-duty lives of workers, who can be fired for their political speech, recreational activities, diet, and almost anything else employers care to govern. In this compelling book, Elizabeth Anderson examines why, despite all this, we continue to talk as if free markets make workers free, and she proposes a better way to think about the workplace, opening up space for discovering how workers can enjoy real freedom.

The Equilibrium Approach to Labor Markets

Author : Sherwin Rosen
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis The Equilibrium Approach to Labor Markets by : Sherwin Rosen

Download or read book The Equilibrium Approach to Labor Markets written by Sherwin Rosen and published by . This book was released on 1983 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper exposits the modern theory of equalizing differences, viewed as optimal assignments of workers to jobs. The basic ideas are first illustrated in a simple model with binary choices of work attributes. Multinominal choices are briefly considered after that. Empirical implications are stressed, with special emphasis on elements of selectivity and stratification by tastes and technology. Applications are sketched for certain aspects of the economics of discrimination, human capital, the value of safety and the theory of implicit contracts. Issues raised by assignment stratification according to worker traits and productivities are discussed, and the principle sorting model by comparative advantageis outlined. The implied valuation system on personal traits and its relationship to factor-analytic models, as well as selectivity issues in educational and occupational choice illustrate this aspect of the theory.

The Fissured Workplace

Author : David Weil
Publisher : Harvard University Press
ISBN 13 : 067472612X
Total Pages : 421 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis The Fissured Workplace by : David Weil

Download or read book The Fissured Workplace written by David Weil and published by Harvard University Press. This book was released on 2014-02-17 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, on the list of big business's priorities, sustaining the employer-worker relationship ranks far below building a devoted customer base and delivering value to investors. As David Weil's groundbreaking analysis shows, large corporations have shed their role as direct employers of the people responsible for their products, in favor of outsourcing work to small companies that compete fiercely with one another. The result has been declining wages, eroding benefits, inadequate health and safety protections, and ever-widening income inequality. From the perspectives of CEOs and investors, fissuring--splitting off functions that were once managed internally--has been phenomenally successful. Despite giving up direct control to subcontractors and franchises, these large companies have figured out how to maintain the quality of brand-name products and services, without the cost of maintaining an expensive workforce. But from the perspective of workers, this strategy has meant stagnation in wages and benefits and a lower standard of living. Weil proposes ways to modernize regulatory policies so that employers can meet their obligations to workers while allowing companies to keep the beneficial aspects of this business strategy.

Social Power and the Labour Market

Author : David Purdy
Publisher : Springer
ISBN 13 : 1349195456
Total Pages : 287 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis Social Power and the Labour Market by : David Purdy

Download or read book Social Power and the Labour Market written by David Purdy and published by Springer. This book was released on 1988-11-10 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: A discussion of the power relationships between employers, workers and their organizations in capitalist societies. It looks at the patterns of dominance and subordination determined by capitalist structure, gender division and occupational hierarchy, and outlines the egalitarian strategy.