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Differences and Changes in Wage Structures

Author : Richard B. Freeman
Publisher : University of Chicago Press
Page : 474 pages
File Size : 27,64 MB
Release : 2007-12-01
Category : Political Science
ISBN : 0226261840

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During the past two decades, wages of skilled workers in the United States rose while those of unskilled workers fell; less-educated young men in particular have suffered unprecedented losses in real earnings. These twelve original essays explore whether this trend is unique to the United States or is part of a general growth in inequality in advanced countries. Focusing on labor market institutions and the supply and demand forces that affect wages, the papers compare patterns of earnings inequality and pay differentials in the United States, Australia, Korea, Japan, Western Europe, and the changing economies of Eastern Europe. Cross-country studies examine issues such as managerial compensation, gender differences in earnings, and the relationship of pay to regional unemployment. From this rich store of data, the contributors attribute changes in relative wages and unemployment among countries both to differences in labor market institutions and training and education systems, and to long-term shifts in supply and demand for skilled workers. These shifts are driven in part by skill-biased technological change and the growing internationalization of advanced industrial economies.

The Structure of Wages

Author : Edward P. Lazear
Publisher : University of Chicago Press
Page : 473 pages
File Size : 27,38 MB
Release : 2009-05-15
Category : Business & Economics
ISBN : 0226470512

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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.

Community Wage Patterns

Author : Frank C. Pierson
Publisher : Univ of California Press
Page : 232 pages
File Size : 46,40 MB
Release : 2023-11-10
Category : Business & Economics
ISBN : 0520349164

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This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1953.

The Evolution of Wage Structure

Author : Lloyd George Reynolds
Publisher : New Haven : Yale University Press, 1956 [c1955]
Page : 422 pages
File Size : 28,71 MB
Release : 1955
Category : Business & Economics
ISBN :

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Structural Changes in U.S. Labour Markets: Causes and Consequences

Author : Randall E. Eberts
Publisher : Routledge
Page : 248 pages
File Size : 43,82 MB
Release : 2019-07-26
Category : Business & Economics
ISBN : 1315488566

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During much of the 1980s, US wage growth has been unexpectedly slow in the face of relatively low unemployment rates and high capacity utilization rates. This collection of papers resulting from the Wage Structure Conference held by the Federal Research Bank of Cleveland, November 1989, helps explain labour market behaviour in that period. The contributors - academic and research economists in labour economics - provide a comprehensive assessment of the current state of the wage-setting process in the US labour market.

Workers and Their Wages

Author : Marvin H. Kosters
Publisher : American Enterprise Institute Press
Page : 236 pages
File Size : 43,8 MB
Release : 1991
Category : Business & Economics
ISBN :

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Comprises essays which describe and analyse the major changes in wage relationships between 1963 and the 1980s. Notes the increase in wage differentials for workers with different levels of schooling as the most pervasive change.

The Unbearable Stability of the German Wage Structure

Author : Eswar Prasad
Publisher : International Monetary Fund
Page : 70 pages
File Size : 23,31 MB
Release : 2000
Category : Business & Economics
ISBN :

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The objective of this paper is to document the evolution of the German wage structure over the period 1984-97. The paper also investigates the roles of various factors that could have influenced patterns of changes in the wage structure. While a documentation of the evolution of the wage structure in Germany is interesting in its own right, the analysis in this paper, by facilitating comparisons with changes in the wage structures of other industrial countries, could potentially provide important clues to understanding the poor functioning of the German labor market in recent years. In particular, the analysis sheds light on the reasons behind and possible solutions for a particularly troubling problem, the high and rising rate of nonemployment among low-skilled workers.

Changing Wage Structure and Black-White Differentials Among Men and Women

Author : Thomas Lemieux
Publisher :
Page : pages
File Size : 15,76 MB
Release : 1994
Category :
ISBN :

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Despite several decades of research there is still widespread disagreement over the interpretation of the wage differences between black and white workers. Do the differences reflect productivity differences, discrimination, or both? If lower black earnings reflect a productivity difference, then an economy-wide increase in the relative wages of more highly-skilled workers should lead to a parallel increase in the black-white earnings gap. We evaluate this hypothesis using longitudinal data for men and women from the Panel Study of Income Dynamics. Our findings suggest that returns to observed and unobserved skills of male workers rose by 5-10 percent between 1979 and 1985. For female workers, the return to observed skills was relatively constant while the return to unobserved skills increased by 15 percent. The evidence that black-white wage differentials rise with the return to skill is mixed. Among female workers the black-white wage gap widened in the early 1980s -- consistent with the premise that racial wage differences reflect a productivity difference. For men in our sample the black-white wage gap declined between 1979 and 1985 -- a change that is inconsistent with the rise in the return for skills