A Theory of Inter-industry Wage Differentials PDF Download
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Author: Julio Rotemberg
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
Author: Julio Rotemberg
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
Author: Julio Rotemberg
Publisher:
ISBN: 9781330644294
Category : History
Languages : en
Pages : 52
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Book Description
Excerpt from A Theory of Inter-Industry Wage Differentials The purpose of this paper is to present a mode which broadly fits some of the salient features of inter-industry wage differentials. Several recent empirical papers have found wage differences across industries to be large and persistent. They also show high concordance across occupations and countries. High wages appear to be paid in industries that have high capital/labor ratios and are highly profitable. Our model explains these facts on the basis of firm-specific human capital accumulation by individual workers. We focus on the bargaining between experienced workers and the firm over the division of the surplus output an experienced worker produces over that produced by inexperienced workers. We show that this surplus, and therefore equilibrium wages of trained workers, depends on the capital/labor ratio when the technology has putty-clay features. We also show that when there is multilateral bargaining between all firms and experienced workers, wages also depend on the profitability of the firm. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Frank Vella
Publisher:
ISBN: 9780732504823
Category : Wages
Languages : en
Pages : 38
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Author: William T. Dickens
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 0
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Author: Marion Smith Picard
Publisher:
ISBN:
Category : Occupational mobility
Languages : en
Pages : 220
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Author: Bernhard Gahlen
Publisher:
ISBN:
Category : Wages
Languages : de
Pages : 28
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Author: Edward E. Leamer
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 52
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Book Description
We provide evidence that US workers face a wage-effort offer curve with the high-wage high-effort jobs occurring in the capital intensive sectors. We find that real wage offers rose at every level of effort during the 1960's, a shift which is consistent with a decline in the rental cost of capital. During the 1970's, when relative prices of labor-intensive goods declined, the wage-effort offer curve twisted, offering lower pay for the low-paid jobs in the labor-intensive sectors but higher pay for the high-paid jobs in the capital-intensive sectors. In the 1980's, workers at every wage level began to work more hours for the same weekly wage. This we loosely attribute either to the increasing cost of non-wage benefits, especially health care, or to the introduction of new equipment. In studying the wage-effort offer curve rate of unionization, education, and rent sharing.
Author: Per-Anders Edin
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 60
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Author: Jeffrey Sachs
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
