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Why Do Wage Profiles Slope Upwards
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Book Synopsis Why are Wages Upward Sloping with Tenure? by : Joachim Prinz
Download or read book Why are Wages Upward Sloping with Tenure? written by Joachim Prinz and published by Rainer Hampp Verlag. This book was released on 2004 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most stylized facts in labor economics is the finding that wages tend to rise with job duration but what is the role of productivity between this relation? Intuitively, it seems rather unspectacular that experienced workers' earnings are higher than otherwise comparable junior workers', but economic literature offers three competing theories explaining this phenomenon. A unique database from a single professional sports industry, covering the past decade of player performance and wages in the National Basketball Association (NBA) is used to test the superiority of one model over others in explaining players' upwards sloping age-earnings profiles. The empirical results show little evidence of the notion that player wages are solely determined on the basis of their productivity. Findings are rather in accordance with shirking and matching ideas: Returns to tenure are found to be significant but it's magnitude is reduced when the spurious bias - stemming from OLS - is controlled for. The fact that tenure remains considerably large - unaffected of productivity - but is simultaneously mitigated due to job match specific effects, is in harmony with incentive and matching arguments.Joachim Prinz, born 1971, studied economics at the University of Trier, Copenhagen Business School and American University, Washington D.C. From 1999-2001 he was a scientific co-worker at the University of Greifswald, Department of Economics. Since 2001 University of Witten/ Herdecke.
Book Synopsis Modern Labor Economics by : Ronald G. Ehrenberg
Download or read book Modern Labor Economics written by Ronald G. Ehrenberg and published by Routledge. This book was released on 2017-07-31 with total page 1305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern Labor Economics: Theory and Public Policy, now in its thirteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ehrenberg and Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This new edition continues to offer: a balance of relevant, contemporary examples; coverage of the current economic climate; introduction to basic methodological techniques and problems; tools for review and further study. In addition to providing updated data and examples throughout, the thirteenth edition offers greater coverage of inequality, healthcare policy, and labor-replacing technologies. The text is also supported by a full range of companion online materials.
Book Synopsis Modern Labor Economics by : Ronald Ehrenberg
Download or read book Modern Labor Economics written by Ronald Ehrenberg and published by Taylor & Francis. This book was released on 2021-08-23 with total page 783 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern Labor Economics: Theory and Public Policy, now in its fourteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. The authors believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. Consequently, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This new edition continues to offer the following: a balance of relevant, contemporary examples coverage of the current economic climate an introduction to basic methodological techniques and problems tools for review and further study This fourteenth edition presents updated data throughout and a wealth of new examples, such as the impact of COVID-19 lockdowns, gig work, nudges, monopsony power in the technology industry, and the effect of machine learning on inequality. Supplementary materials for students and instructors are available on the book’s companion website.
Author :Jeremie Cohen-Setton Publisher :Peterson Institute for International Economics ISBN 13 :0881327344 Total Pages :474 pages Book Rating :4.8/5 (813 download)
Book Synopsis Sustaining Economic Growth in Asia by : Jeremie Cohen-Setton
Download or read book Sustaining Economic Growth in Asia written by Jeremie Cohen-Setton and published by Peterson Institute for International Economics. This book was released on 2018-12-01 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth, inflation, and interest rates have declined in Asia, just as they have in the United States and Europe. This volume explores the relevance to several Asian economies of the diagnosis known as “secular stagnation.” Leading experts on the region discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances. The essays on innovation, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India, and Indonesia.
Book Synopsis Productivity Growth in Japan and the United States by : Charles R. Hulten
Download or read book Productivity Growth in Japan and the United States written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging from the ruins of the Second World War, the Japanese economy has grown at double-digit rate throughout much of the 1950s and 1960s, and, when the oil crisis of the 1970s slowed growth throughout the industrialized world, Japanese growth throughout the industrialized world, Japanese growth rates remained relatively strong. There have been many attempts by scholars from a wide range of disciplines to explain this remarkable history, but for economists interested in the quantitative analysis of economic growth and the principal question addressed is how Japan was able to grow so rapidly. The contributors focus their efforts on the accurate measurement and comparison of Japanese and U.S. economic growth. Assuming that any sustained increase in real GNP must be due either to an increase in the quantity of capital and labor used in production or to the more efficient use of these inputs, the authors analyze the individual contributions of various factors and their importance in the process of output growth. These essays extend the methodology of growth analysis and offer many insights into the factors leading to the superior performance of the Japanese economy. They demonstrate that growth is a complex process and no single factor can explain the Japanese 'miracle.'
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 NBER Reporter by : National Bureau of Economic Research
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1997 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Age of Technology and Its Impact on Employee Wages by : Ann Bartel
Download or read book The Age of Technology and Its Impact on Employee Wages written by Ann Bartel and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Developments in Labour Market Analysis by : Caroline Joll
Download or read book Developments in Labour Market Analysis written by Caroline Joll and published by Routledge. This book was released on 2018-12-07 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1983. This text is designed to enable intermediate and advanced students to attain familiarity with the theoretical concepts used in labour market analysis, and to apply them fruitfully to the economic problem of labour markets. Each chapter of Section I deals with a different theoretical development of the basic labour market model of utility maximising labour supply and the marginal productivity theory of labour demand. In addition, the authors discuss in depth uncharted territory including the analysis of uncertainty and discrimination in labour markets and advances in human capital theory, in each case covering the implications both for equity and the efficient allocation of resources. Each chapter of Section II analyses an important economic problem - for instance wage determination, unemployment and inflation - using the theoretical insights derived from Section I. The contributions of different theoretical developments are assessed by reference to the current state of empirical research into labour market problems. This book stresses the interaction between labour market mechanisms and also between market and non-market forces in the belief that this will lead to a greater understanding of the operation of the labour market than can be gained by viewing each theoretical development in isolation from the others.
Book Synopsis Wage and Employment Patterns in Labor Contracts by : R. Cooper
Download or read book Wage and Employment Patterns in Labor Contracts written by R. Cooper and published by Psychology Press. This book was released on 2001 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Studies in Human Capital by : Jacob Mincer
Download or read book Studies in Human Capital written by Jacob Mincer and published by Edward Elgar Publishing. This book was released on 1993-01-01 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The books should. . . . be bought by every university library. The research reported here is important, the exposition is lucid, the sequencing of chapters is sensible and the retrospective aspect of the volumes provides a fascinating insight into the working methods of one of the great economists of our time.' - Geraint Johnes, International Journal of Manpower Studies in Human Capital, the first volume of Jacob Mincer's essays to be published in this series, assesses the impact of education and job training on wage growth. It offers an authoritative study of the effects of human capital investments on labor turnover and the impact of technological change on human capital formation.
Book Synopsis The New Palgrave Dictionary of Money and Finance by : John Eatwell
Download or read book The New Palgrave Dictionary of Money and Finance written by John Eatwell and published by Springer. This book was released on 1992-10-14 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.
Book Synopsis Journal of Economics by : Missouri Valley Economic Association
Download or read book Journal of Economics written by Missouri Valley Economic Association and published by . This book was released on 1991 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Failure in Training? by : David Stern
Download or read book Market Failure in Training? written by David Stern and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume were fIrst presented at a symposium on "An Expanded Public Role in Job Training? The Issue of Market Failure in the Provision of Training. " The symposium took place in May, 1989. It was sponsored by the LaFollette Institute of Public Affairs at the University of Wisconsin, Madison. JozefRitzen, then in Madison on leave from Erasmus University in the Netherlands, organized the symposium. Subsequently he became Minister of Education and Science for the Netherlands. He asked David Stern to fInish the work of editing the papers for publication. All the papers have been revised in light of comments by discussants at the symposium, as well as subsequent comments by the editors and outside reviewers. INTRODucrroN AND OVERVIEW Jozef M. M. Ritzen Erasmus University Rotterdam Minister of Education and Science The Netherlands David Stem School of Education University of California, Berkeley Two factors are contributing to an increased interest in the training of adult employees. First, there is the present high rate of change in the technologies embodied in products and in production processes. This enhances the negative effect of the undersupply of training on economic growth. Higher levels of training would provide a more fertile environment for technological change. The second factor is the aging of the population.
Book Synopsis Income and Wealth by : Tsuneo Ishikawa
Download or read book Income and Wealth written by Tsuneo Ishikawa and published by Oxford University Press, USA. This book was released on 2001 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income and wealth have long formed an important focus for economic research, with economists keen to answer the following kinds of question: Why do we pay people who work equally hard different levels of income? Why are some workers more motivated than others? How does the market economyprovide jobs that meet the expectations of experienced workers? What is the relationship between economic growth and income distribution? Why do people save? Are there any market forces which restrain the tendency towards cumulation of wealth by individuals and enhancement of inequality overgenerations?In this book, Tsuneo Ishikawa systematically examines and evaluates the economic arguments arising from these questions with the overall aim of explaining how income and wealth are produced and distributed. Using empirical data from the US, the UK, and Japan, he examines both the neo-classical andlabour market approaches to income and wealth distribution, assesses the circumstances in which each is most appropriate, and examines to what extent they can be integrated. Unusually, Ishikawa not only analyses income distribution as the consequence of economic activities, but also focuses on theprocess of obtaining income---especially on how the content of different jobs can influence employment and income distribution.In the real market economy, the tax system, social welfare, and the provision of public goods all contribute to income redistribution. Ishikawa acknowledges this, but argues that a correct understanding of how the labour market produces differences in income and wealth is vital for informed study ofthe issue of income redistribution. He suggests, furthermore, that a full understanding of income and wealth in developed market economies may be beneficial in dealing with problems of income distribution in developing economies, while drawing attention to the need for an internationalredistribution of income and wealth.
Book Synopsis The Age of Mass Migration by : T. J. Hatton
Download or read book The Age of Mass Migration written by T. J. Hatton and published by Oxford University Press, USA. This book was released on 1998 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes statistics.
Book Synopsis Labor Markets and Employment Relationships by : Joyce Jacobsen
Download or read book Labor Markets and Employment Relationships written by Joyce Jacobsen and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis
