-
作者：SATTINGER, M
摘要：This article examines the effects of unemployment compensation when the size of the labor force depends on unemployment benefits. The analysis is based on an aggregate model with search and matching in which unemployment compensation affects the wage determination process and the number of jobs and workers. As with partial equilibrium models, unemployment compensation raises the unemployment rate and the ratio of unemployed to vacancies. However, wages may go up or down and firms may be better...
-
作者：NEAL, D
作者单位：National Bureau of Economic Research
摘要：Results from the Displaced Worker Surveys show that the wage cost of switching industries following displacement is strongly correlated with predisplacement measures of both work experience and tenure. Workers apparently receive compensation for some skills that are neither completely general nor firm-specific but rather specific to their industry or line of work. Further, among displaced workers who find new jobs in their predisplacement industry, postdisplacement returns to predisplacement j...
-
作者：REBITZER, JB; TAYLOR, LJ
作者单位：Carnegie Mellon University
摘要：The ''efficiency wage hypothesis'' offers an explanation for employment rents. According to this hypothesis, firms pay wages above the opportunity cost of labor to elicit productivity or quality-enhancing behaviors from employees. Firms pursue this strategy when alternative incentive schemes are unavailable or too costly. Thus, firms will nor pay premium wages when employees post sufficiently large performance bonds. This article examines employment rents in a setting where employees post siza...
-
作者：OFLAHERTY, B; SIOW, A
作者单位：University of Toronto
摘要：We examine how up-or-out rules operate as a screening device in the market for lawyers. Using data on large New York law firms, we show that firm growth is a slow and uncertain process because performance as an associate is not an especially informative signal about whether a lawyer will make a good partner and because the costs of mistaken promotion are relatively high. A newly hired associate is unlikely to be a suitable partner and the screening process is relatively imprecise. Firm growth ...
-
作者：BAROR, Y; BURBIDGE, J; MAGEE, L; ROBB, AL
作者单位：McMaster University
摘要：Using micro data from the Canadian Survey of Consumer Finances, 1971-91, we investigate the return to a university education. Our conclusions are that while there appears to have been some decline in the return to a university degree during the 1970s in Canada (similar to the United States), the return did not rebound much during the 1980s except among the youngest experience (age) group. There is, however, considerable noise in the ratios from year to year so that one is likely to draw mislea...
-
作者：NEUMARK, D; TAUBMAN, A
作者单位：National Bureau of Economic Research; University of Pennsylvania
摘要：This article tests the implications of the general human capital that (i) at the individual level, there is a negative relationship between the initial wage level and wage growth of inexperienced workers and (ii) at the market level, the ratio of the present values of wage profiles of investors and otherwise identical noninvestors equals one. We find a negative relationship between initial wage levels and wage growth, even after correcting for negative biases in existing estimates of this rela...
-
作者：JONES, SRG; KUHN, P
摘要：We use newly available data from the Ontario Ministry of Labour to estimate the effects of advance notification of permanent layoff on unemployment durations. While notice is strongly negatively correlated with unemployment in the raw data, most of this effect disappears when we control for personal characteristics and when we correct for endogeneity of notice by using only its cross-firm variation to identify its effects. Overall, while short notice intervals can have a substantial effect on ...
