Download or read book Unobserved Worker Quality and Inter industry Wage Differentials written by Suqin Ge and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study quantitatively assesses two alternative explanations for inter-industry wage differentials: worker heterogeneity in the formof unobserved quality and firmheterogeneity in the form of a firm's willingness to pay (WTP) for workers' productive attributes. We develop an empirical hedonic model of labor demand and apply a two-stage nonparametric procedure to recover worker and firm heterogeneities. In the first stage we recover unmeasured worker quality by estimating market-specific hedonic wage functions nonparametrically. In the second stage we infer each firm's WTP parameters for worker attributes by using first-order conditions from the demand model. We apply our approach to quantify inter-industry wage differentials on the basis of individual data from the NLSY79 and find that worker quality accounts for approximately two thirds of the inter-industry wage differentials.

Download or read book Unobserved Ability Efficiency Wages and Interindustry Wage Differentials written by McKinley L. Blackburn and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Wage Differentials in the Presence of Unobserved Worker Firm and Match Heterogeneity written by Simon D. Woodcock and published by . This book was released on 2007 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider the problem of estimating and decomposing wage differentials in the presence of unobserved worker, firm, and match heterogeneity. Controlling for these unobservables corrects omitted variable bias in previous studies. It also allows us to measure the contribution of unmeasured characteristics of workers, firms, and worker-firm matches to observed wage differentials. An application to linked employer-employee data shows that decompositions of inter-industry earnings differentials and the male-female differential are misleading when unobserved heterogeneity is ignored.

Download or read book A Theory of Inter industry Wage Differentials written by Julio Rotemberg and published by . This book was released on 1986 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Industry Wage Differentials Unobserved Ability and Rent Sharing written by Robert Plasman and published by . This book was released on 2006 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inter industry Wage Differentials written by Per-Anders Edin and published by . This book was released on 1989 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Analysis of Inter industry Wage Differentials written by Marion Smith Picard and published by . This book was released on 1993 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Efforts and Wages written by Edward E. Leamer and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Does Unmeasured Ability Explain Inter Industry Wage Differentials written by Robert Gibbons and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: version of the unmeasured-ability explanation.

Download or read book Inter industry wage differentials and unobserved ability siblings evidence from five countries written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inter Industry Wage Differentials and Unobserved Ability written by Anders Björklund and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wage Differentials An International Comparison written by Toshiaki Tachibanaki and published by Springer. This book was released on 2016-07-27 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wages are a vital economic variable in their influence on employment and unemployment and as the main source of personal income, affecting both living standards and labour incentives. Wage determination is studied here in an international perspective, using a common theoretical framework and statistical method through the individual country chapters to reveal similarities and differences between Japan, South Korea, the United States, Canada, Australia, the United Kingdom, Germany and France.

Download or read book Interindustry Wage Differentials and Unobserved Ability written by Anders Bjorklund and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the role of unobserved ability in explaining interindustry wage differentials. By using data on brothers, we account for unmeasured abilities shared by siblings. The data came from four Nordic countries and the United States. In the Nordic countries, only a moderate proportion of the variability in industry wages can be attributed to unobserved ability, while unmeasured factors explain as much as half of the U.S. industry-wage variation. Accounting for such differences, we show that the U.S. interindustry wage dispersion is similar with that in the Nordic countries.

Download or read book Industry Wage Differentials Unobserved Ability and Rent sharing written by Robert Plasman and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Inter industry Wage Structure written by Luisa Zanchi and published by . This book was released on 1992 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interindustry Wage Differentials and Efficiency Wages written by Surendra Gera and published by . This book was released on 1991 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Theory of Inter Industry Wage Differentials Classic Reprint written by Julio Rotemberg and published by . This book was released on 2015-07-03 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.