Industry-specific Capital and the Wage Profile PDF Download
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Author: Daniel Parent
Publisher: CIRANO
ISBN:
Category : Seniority, Employee
Languages : en
Pages : 32
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Book Description
Author: Daniel Parent
Publisher: CIRANO
ISBN:
Category : Seniority, Employee
Languages : en
Pages : 32
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Book Description
Author: Hong W. Tan
Publisher:
ISBN:
Category : Contract labor
Languages : en
Pages : 32
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Book Description
The impact of long-term labor contracting on lifetime wages is a topic of growing interest among labor economists. There is evidence that an important fraction of the U.S. labor force is employed in near-lifetime jobs. Hall (1980 p. 20) finds that in 1978 over 35 percent of males held jobs that would last twenty years or more. There are several competing explanations for the existence of long-term jobs: the specific human capital hypothesis and, more recently, the agency and self-selection models. To date, no attempt has been made to distinguish empirically between them. The problem is that these models make similar predictions about the pattern of wage growth and labor turnover over the worklife. In the human capital approach, workers forgo high initial wages to invest in specific training which increases their productivity and earnings in subsequent years. The specific skills are, however, not transferable to other firms. In the agency and self-selection (henceforth, 'incentive') approach, firms offer workers wage profiles which are steeper than their productivity growth in order to reduce incentives to shirk (Lazear 1981) or to attract workers with low quit propensities. In both approaches, labor turnover declines with experience because relative wages in the current firm and elsewhere grow over the worklife.
Author: Hong W. Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 400
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Book Description
Author: Jacob Mincer
Publisher: Edward Elgar Publishing
ISBN: 9781782541554
Category : Business & Economics
Languages : en
Pages : 456
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Book Description
'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.
Author: K. K. Tang
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 22
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Book Description
A dynamic general equilibrium model with industry-specific human capital is developed to account for inter-industry wage differential and imperfect labor mobility. It is demonstrated that more human capital intensive industries are more likely to pay higher wages, conditional on inter-industry differences in human capital depreciation rate and learning cost. In the light of internationally transferable technology, the model can also account for two empirical regularities, namely, cross-occupation and cross-country correlation of inter-industry wage differential.
Author: Chong-en Bai
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
Author: Dae Il Kim
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 232
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Book Description
Author: Edward P. Lazear
Publisher: University of Chicago Press
ISBN: 0226470512
Category : Business & Economics
Languages : en
Pages : 473
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Book Description
The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.
Author: Joachim Prinz
Publisher: Rainer Hampp Verlag
ISBN: 9783879888511
Category : Wages
Languages : en
Pages : 244
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Book Description
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.
Author: Colomo-Palacios, Ricardo
Publisher: IGI Global
ISBN: 1466626798
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
"This book presents research from the perspective of the information technology professional and how they influence the modern organization"--Provided by publisher.
