Match Quality, Turnover and Wage Growth PDF Download

Author: John Bishop
Publisher:
ISBN:
Category : Labor turnover
Languages : en
Pages : 70

View

Book Description

Author: Monica Galizzi
Publisher: FrancoAngeli
ISBN: 9788846469427
Category : Business & Economics
Languages : en
Pages : 132

View

Book Description

Author: Taye Mengistae
Publisher: World Bank Publications
ISBN:
Category : Crecimiento economico
Languages : en
Pages : 49

View

Book Description
Abstract: April 1999 - Estimated age and job seniority profiles of wages and marginal productivity in Ethiopia suggest that both skill formation and job matching significantly affect growth of wages and productivity over time. However, job matching is by far the more important of the two sources of growth in wages and productivity. Mengistae analyzes production and labor market data for a random selection of small to medium-size firms in Ethiopia to answer two questions: Does a worker's marginal productivity increase with time in the labor market or with job seniority, as must be the case if on-the-job skill formation or job matching has anything to do with the dynamics of wages observed in the data? Assuming that marginal productivity grows with experience or seniority, is skill formation more or less important than job matching as a source of growth in productivity? The main feature of Mengistae's analysis is the joint regression of the log of the average product of hours in a firm and the log of average hourly earnings of a firm's employees on the shares of experience-seniority cells of workers in total annual hours in the firm. Marginal productivity falls as experience in the labor market passes the 15-year mark, but the expected marginal product of a mobile worker with 16 or more years of experience is still nearly 80 percent higher than that of the base group. The between-jobs growth of hourly wages with potential experience is also large, but not as large as growth in marginal productivity for workers with less than 15 years of experience. Mengistae concludes that job matching is far more important than skill formation as a source of growth in productivity. Net mobility gains account for at least twice the share of the return to skill formation in the observed between-jobs growth of wages with market experience. The rate of return to skills formation is higher in the United States than in Ethiopia. The relative return to skills formation is probably lower in Ethiopia partly because the flow of information about the labor market is more restricted there. This paper-a product of the Development Research Group-is part of a larger effort in the group to identify firm-level sources of growth in productivity. The author may be contacted at [email protected].

Author: Joachim Prinz
Publisher: Rainer Hampp Verlag
ISBN: 9783879888511
Category : Wages
Languages : en
Pages : 244

View

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: United States. Department of Labor. Commission on Workforce Quality and Labor Market Efficiency
Publisher:
ISBN:
Category : Education and state
Languages : en
Pages : 1216

View

Book Description

Author: H. Neudecker
Publisher: Springer Science & Business Media
ISBN: 9400935919
Category : Business & Economics
Languages : en
Pages : 276

View

Book Description
In the autumn of 1961 Jan Salomon ('Mars') Cramer was appointed to the newly established chair of econometrics at the University of Amsterdam. This volume is published to commemorate this event. It is well-known how much econometrics has developed over the period under consideration, the 25 years that elapsed between 1961 and 1986. This is specifically true for the areas in which Cramer has been actively interested. We mention the theory and measurement of consumer behaviour; money and income; regression, correla tion and forecasting. In the present volume this development will be high lighted. Sixteen contributions have been sollicited from scholars all over the world who have belonged to the circle of academic friends of Cramer for a shorter or longer part of the period of 25 years. The contributions fall broadly speaking into the four areas mentioned above. Theory and measurement of consumer behaviour is represented by four papers, whereas a fifth paper deals with a related area. Richard Blundell and Costas Meghir devote a paper to the estimation of Engel curves. They apply a discrete choice model to British (individual) data from the Family Expenditure Survey 1981. Their aim is to assess the impact of individual characteristics such as income, demographic structure, location, wages and prices on commodity expenditure.

Author: John H. Bishop
Publisher:
ISBN:
Category : Employees
Languages : en
Pages : 110

View

Book Description

Author:
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 684

View

Book Description

Author: Joni Hersch
Publisher: Now Publishers Inc
ISBN: 1933019476
Category : Business & Economics
Languages : en
Pages : 97

View

Book Description
Women have made huge advances relative to men in the labor force, occupational status, and educational attainment, but women continue to earn less than men. While the gender pay gap has narrowed, a substantial gap remains. Sex Discrimination in the Labor Market examines sources of this pay disparity and the factors that contribute to this gap. Whether sex discrimination plays a role in the gender pay gap is a topic of considerable debate. Many researchers question the role of discrimination and attribute the residual pay gap to gender differences in preferences, especially with respect to balancing work with family responsibilities. Sex Discrimination in the Labor Market shows that sex discrimination contributes to the unexplained gender pay gap, which is consistent with high profile sex discrimination litigation suggesting continuing bias in the labor market on the basis of sex.

Author: Michael W. L. Elsby
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 72

View

Book Description
This paper formalizes and assesses empirically the implications of widely observed evidence for downward nominal wage rigidity (DNWR). It shows how a model of DNWR informed by diverse evidence for worker resistance to nominal wage cuts is nevertheless consistent with weak macroeconomic effects. This occurs because firms have an incentive to compress wage increases as well as wage cuts when DNWR binds. By neglecting potential compression of wage increases, the previous literature may have overstated the costs of DNWR to firms. Using a broad range of micro--data from the US and Great Britain I find that firms do indeed compress wage increases as well as wage cuts at times when DNWR binds. Accounting for this reduces the estimated increase in aggregate wage growth due to DNWR to be much closer to zero, consistent with the predictions of the model. These results suggest that DNWR may not provide a strong argument against the targeting of low inflation rates, as practiced by many monetary authorities. Importantly, though, this result is nevertheless consistent with evidence that suggests workers are averse to nominal wage cuts.