Spillovers in Wage Determination in U.S. Manufacturing Industries PDF Download
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Author: Yash Pal Mehra
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Book Description
Author: Yash Pal Mehra
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Book Description
Author: Paul Beaudry
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 57
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Book Description
Does attracting or losing jobs in high paying sectors have important spill-over effects on wages in other sectors? The answer to this question is central to a proper assessment of many trade and industrial policies. In this paper, we explore this question by examining how predictable changes in industrial composition in favor of high paying sectors affect wage determination at the industry-city level. In particular, we use US Census data over the years 1970 to 2000 to quantify the relationship between changes in industry-specific city-level wages and changes in industrial composition. Our finding is that the spill-over (i.e., general equilibrium) effects associated with changes in the fraction of jobs in high paying sectors are very substantial and persistent. Our point estimates indicate that the total effect on average wages of a change in industrial composition that favors high paying sectors is about 3.5 times greater than that obtained from a commonly used composition-adjustment approach which neglects general equilibrium effects. We interpret our results as being most likely driven by a variant of the mechanism recently emphasized in the heterogenous firm literature whereby changes in competitive pressure cause a reallocation of employment toward the most efficient firms.
Author: Paul Beaudry
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Book Description
Does attracting or losing jobs in high paying sectors have important spill-over effects on wages in other sectors? The answer to this question is central to a proper assessment of many trade and industrial policies. In this paper, we explore this question by examining how predictable changes in industrial composition in favor of high paying sectors affect wage determination at the industry-city level. In particular, we use US Census data over the years 1970 to 2000 to quantify the relationship between changes in industry-specific city-level wages and changes in industrial composition. Our finding is that the spill-over (i.e., general equilibrium) effects associated with changes in the fraction of jobs in high paying sectors are very substantial and persistent. Our point estimates indicate that the total effect on average wages of a change in industrial composition that favors high paying sectors is about 3.5 times greater than that obtained from a commonly used composition-adjustment approach which neglects general equilibrium effects. We interpret our results as being most likely driven by a variant of the mechanism recently emphasized in the heterogenous firm literature whereby changes in competitive pressure cause a reallocation of employment toward the most efficient firms.
Author: Dussault, François
Publisher: Montréal : Dép. de science économique et Centre de recherche en developpement économique, Université de Montréal
ISBN:
Category : Wages
Languages : en
Pages : 18
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Book Description
Author: Davinder Singh
Publisher:
ISBN:
Category : Collective bargaining
Languages : en
Pages : 212
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Author: Marcello M. Estevão
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We estimate the effect of firms' profitability on wage determination for the American economy. Two standard bargaining models are used to illustrate the problems caused by the endogeneity of profits-per-worker in a real wage equation. The profit-sharing parameter can be identified withinstruments which shift demand. Using information from the input-output table, we create demand-shift variables for 63 4-digit sectors of the US manufacturing sector. The I.V. estimates show that profit-sharing is a relevant and widespread phenomenon. The elasticity of wages with respect to profits-per-worker is seven times as large as OLS estimates here and in previous papers. Sensitivity analysis of the profit-sharing parameter controlling for the extent of unionization and product market concentration reinforces our results.
Author: William Anthony Howard
Publisher:
ISBN:
Category : Wage payment systems
Languages : en
Pages : 564
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Book Description
Author: John Malcolm Dowling
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 370
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Book Description
Author: Lars Calmfors
Publisher: Springer
ISBN: 1349085960
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Author: Barry T. Hirsch
Publisher: Taylor & Francis
ISBN: 1040121594
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
1. An Overview 2. Unionism: Individual and Collective Choice 3. Union Membership and Growth 4. Unions, Bargaining and Strikes 5. Union Effects on Relative Wages 6. Unions, Wage Dispersion and the Distribution of Income 7. Unions and Economic Performance: Productivity, Productivity Growth and Probability 8. Unions and Inflation 9. Unions and Politics
