Efficiency Wages, Inter-industry Wage Differentials, and the Returns to Ability PDF Download
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Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
Get Book Here
Book Description
Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Ability
Languages : en
Pages : 40
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Book Description
Interindustry wage differentials in wage regressions estimated for individuals have been interpreted as evidence consistent with efficiency wage models. A principal competing explanation is that these differentials are generated by differences across workers in unobserved ability. This paper tests the unobserved ability hypothesis .by incorporating test scores into standard wage regressions as error-ridden indicators of unobserved ability. The results indicate that differences in unobserved ability explain relatively little of interindustry or interoccupation wage differentials.
Author: Paul Chen
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 48
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Book Description
Author: Julio Rotemberg
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
Author: Paul Chen
Publisher:
ISBN:
Category : Bonuses (Employee fringe benefits)
Languages : en
Pages : 40
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Book Description
Author: MacKinley L. Blackburn
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Mahmood Arai
Publisher:
ISBN:
Category : Supervision of employees
Languages : en
Pages : 24
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Author: Ann Bartel
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 64
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Book Description
Previous research has found evidence that wages in industries characterized as high tech, ' or subject to higher rates of technological change, are higher. In addition, there is evidence that skill-biased technological change is responsible for the dramatic increase in the earnings of more educated workers relative to less educated workers that took place during the 1980s. In this paper, we match a variety of industry level measures of technological change to a panel of young workers observed between 1979 and 1993 (NLSY) and examine the role played by unobserved heterogeneity in explaining the positive relationships between technological change and wages, and between technological change and the education premium. We find evidence that the wage premium associated with technological change is primarily due to the sorting of better workers into those industries. In addition, the education premium associated with technological change is found to be the result of an increase in demand for the innate ability or other observable characteristics of more educated workers.
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.
