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作者：PRESCOTT, D; WILTON, D
作者单位：University of Waterloo
摘要：Wage changes in a sample (1979-86) of Canadian wage contracts are analyzed. The sample is split into cost-of-living allowance (COLA) and non-COLA contracts. Econometric estimation corrects for sample selectivity bias. In non-COLA contracts, the unemployment rate and a proxy for expected inflation are significant. Expected industry price changes and productivity changes exert smaller but significant effects. In COLA contracts, ex ante inflation coverage ranges between 60% and 100% of expected i...
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作者：BROWN, JN; LIGHT, A
摘要：Tenure responses in the Panel Study of Income Dynamics (PSID) and the National Longitudinal Surveys are often inconsistent with calendar time. These inconsistencies pose special problems in the PSID because job changes cannot be identified directly, so researchers must infer them from error-ridden tenure data. We use alternative rules for partitioning PSID data into jobs and then estimate several wage and mobility models to assess the sensitivity of parameter estimates to the partitioning meth...
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作者：BURGESS, PL; LOW, SA
摘要：Preunemployment search is the fundamental labor market process generating beneficial effects of advance notice. Yet theory indicates that workers receiving notice may not search, whereas others may search even without advance notice. Our weighted results indicate that over one-third of all nonnotified workers still search and over 40% of workers receiving notice do not respond by searching. Further, preunemployment search determinants differ for notified (nonnotified) workers and men (women). ...
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作者：SIMON, CJ; WARNER, JT
摘要：Firms often view job applicant referrals from current employees as more informative than direct applications or referrals through formal labor market intermediaries such as placement firms. We argue that old boy networks reduce employers' uncertainty about worker productivity. Using Jovanovic's job matching model, we show that workers hired through the old boy network should (1) earn higher initial salaries, (2) experience lower subsequent wage growth on the job, and (3) stay on the job longer...
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作者：MACHIN, S; MANNING, A
作者单位：University of London; London School Economics & Political Science
摘要：This article derives three dynamic models of worker effort determination, based on a shirking efficiency wage model, a compensating differentials model, and a union-firm bargaining model. It shows that all of these three models have the same long-run comparative statics but differ in their short-run dynamics. We use these different predictions about the dynamics as a basis for testing the models. Euler equations for each model are estimated using panel data on 486 U.K. companies. The evidence ...
