Why Are Wages Upward Sloping With Tenure
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Why Are Wages Upward Sloping With Tenure
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Author : Joachim Prinz
language : en
Publisher: Rainer Hampp Verlag
Release Date : 2004
Why Are Wages Upward Sloping With Tenure written by Joachim Prinz and has been published by Rainer Hampp Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Wages categories.
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.
The Changing Japanese Labor Market
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Author : Akiomi Kitagawa
language : en
Publisher: Springer
Release Date : 2018-03-15
The Changing Japanese Labor Market written by Akiomi Kitagawa and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-15 with Business & Economics categories.
This book reappraises the Japanese employment system, characterized by such practices as the periodic recruiting of new graduates, lifetime employment and seniority-based wages, which were praised as sources of high productivity and flexibility for Japanese firms during the period of high economic growth from the middle of the 1950s until the burst of bubbles in the early 1990s. The prolonged stagnation after the bubble burst induced an increasing number of people to criticize the Japanese employment system as a barrier to the structural changes needed to allow the economy to adjust to the new environment, with detractors suggesting that such a system only serves to protect the vested interests of incumbent workers and firms. By investigating what caused the long stagnation of the Japanese economy, this book examines the validity of this currently dominant view about the Japanese employment system. The rigorous theoretical and empirical analyses presented in this book provide readers with deep insights into the nature of the current Japanese labor market and its macroeconomic impacts.
Wage Determination And Distribution In Japan
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Author : Toshiaki Tachibanaki
language : en
Publisher: Oxford University Press
Release Date : 1996
Wage Determination And Distribution In Japan written by Toshiaki Tachibanaki and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
This treatise investigates the empirical and theoretical issues of wage determination and wage differentials in Japan since World War II, concentrating on recent developments and highlighting Japan's institutional singularities
The Economics Of Imperfect Labor Markets Third Edition
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Author : Tito Boeri
language : en
Publisher: Princeton University Press
Release Date : 2021-01-26
The Economics Of Imperfect Labor Markets Third Edition written by Tito Boeri and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-26 with Business & Economics categories.
The leading textbook on imperfect labor markets and the institutions that affect them—now completely updated and expanded Today's labor markets are witnessing seismic changes brought on by such factors as rising self-employment, temporary employment, zero-hour contracts, and the growth of the sharing economy. This fully updated and revised third edition of The Economics of Imperfect Labor Markets reflects these and other critical changes in imperfect labor markets, and it has been significantly expanded to discuss topics such as workplace safety, regulations on self-employment, and disability and absence from work. This new edition also features engaging case studies that illustrate key aspects of imperfect labor markets. Authoritative and accessible, this textbook examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, family policies, equal opportunity legislation, collective bargaining, early retirement programs, and education and migration policies. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are being transformed today. Fully updated to reflect today's changing labor markets Significantly expanded to discuss a wealth of new topics, including the impact of the COVID-19 pandemic Features quantitative examples, new case studies, data sets that enable users to replicate results in the literature, technical appendixes, and end-of-chapter exercises Unique focus on institutions in imperfect labor markets Self-contained chapters cover each of the most important labor-market institutions Instructor's manual available to professors—now with new exercises and solutions
Studies In Labor Markets
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Author : Sherwin Rosen
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Studies In Labor Markets written by Sherwin Rosen and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Political Science categories.
The papers in this volume present an excellent sampling of the best of current research in labor economics, combining the most sophisticated theory and econometric methods with high-quality data on a variety of problems. Originally presented at a Universities-National Bureau Committee for Economic Research conference on labor markets in 1978, and not published elsewhere, the thirteen papers treat four interrelated themes: labor mobility, job turnover, and life-cycle dynamics; the analysis of unemployment compensation and employment policy; labor market discrimination; and labor market information and investment. The Introduction by Sherwin Rosen provides a thoughtful guide to the contents of the papers and offers suggestions for continuing research.
The Oxford Handbook Of Human Capital
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Author : Alan Burton-Jones
language : en
Publisher: OUP Oxford
Release Date : 2012-05-10
The Oxford Handbook Of Human Capital written by Alan Burton-Jones and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-10 with Business & Economics categories.
Macroeconomic research on human capital - the stock of human capabilities and knowledge - has been extensively published but to date the literature has lacked a comprehensive analysis of human capital within the organization. The Oxford Handbook of Human Capital has been designed to fill that gap, providing an authoritative, inter-disciplinary, and up to date survey of relevant concepts, research areas, and applications. Specially commissioned contributions from over 40 authors reveal the importance of human capital for contemporary organizations, exploring its conceptual underpinnings, relevance to theories of the firm, implications for organizational effectiveness, interdependencies with other resources, and role in the future economy. Unlike neoclassical macroeconomic concepts of human capital, human capital in organizations is shown to be dynamic and heterogeneous, requiring new theories and management frameworks. The systemic role of human capital is explored, revealing it as the lynchpin of social, structural and other forms of intangible and tangible capital. Connections between human capital and organizational performance are investigated from HR management, procurement, alignment, value appropriation, and accounting perspectives. Links between micro and macro perspectives are provided through analyses of inter firm human capital mobility, national and regional human capital formation regimes and industry employment relations practices. This Handbook is designed for scholars and graduate students of organization and management theory, strategy, entrepreneurship, knowledge and intellectual capital, accounting, IT, HR, IR, economic sociology and cultural studies. For policy makers and practitioners it should provide an up to date guide to the nature and role of human capital in contemporary organizations and the roles that government, industry and other extra firm institutions can play in facilitating its development.
Studies In Human Capital
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Author : Jacob Mincer
language : en
Publisher: Edward Elgar Publishing
Release Date : 1993-01-01
Studies In Human Capital written by Jacob Mincer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Business & Economics categories.
'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.
Internal Labour Markets Incentives And Employment
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Author : Toshiaki Tachibanaki
language : en
Publisher: Springer
Release Date : 1998-06-22
Internal Labour Markets Incentives And Employment written by Toshiaki Tachibanaki and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-22 with Business & Economics categories.
The economic performance of a national economy, as shown by indicators such as the rate of unemployment and inflation, is heavily dependent on the operation of its external and internal labour markets. From this standpoint the book focuses on the functions of internal labour markets and their interaction with external labour markets, comparing those of the Japanese and Western styles. The differing mechanisms of internal labour markets are examined by a strong range of international contributors from Japan, North America and Europe.
Essays On Labour Economics
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Author : Yongjian Hu
language : en
Publisher: Rozenberg Publishers
Release Date : 2005
Essays On Labour Economics written by Yongjian Hu and has been published by Rozenberg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Monopsony In Motion
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Author : Alan Manning
language : en
Publisher: Princeton University Press
Release Date : 2013-12-03
Monopsony In Motion written by Alan Manning and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-03 with Business & Economics categories.
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.