The Structure of Wages
The Structure of Wages

Author: Edward P. Lazear

Publisher: University of Chicago Press

Published: 2009-05-15

Total Pages: 473

ISBN-13: 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.

The Structure of Soviet Wages
The Structure of Soviet Wages

Author: Abram Bergson

Publisher: Harvard University Press

Published: 1944

Total Pages: 278

ISBN-13: 9780674844803

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Economists and others concerned with the theory of wages or with the functioning of Soviet economy will find this investigation of the inequality of wages in the Soviet Union an illuminating study. Based on data used by Soviet administrators in making their decisions, it establishes for the first time in a scientifically acceptable manner the principles according to which differences in earnings in the U.S.S.R. are determined. It is also the first study to present comparable data on the inequality prevailing under capitalism.

Differences and Changes in Wage Structures
Differences and Changes in Wage Structures

Author: Richard B. Freeman

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 474

ISBN-13: 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 and Investment in General Training
The Structure of Wages and Investment in General Training

Author: Daron Acemoglu

Publisher:

Published: 1998

Total Pages: 40

ISBN-13:

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In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the distortion in the wage structure turns "technologically" general skills into "specific" skills. Labor market frictions and institutions, such as minimum wages and union wage setting, are crucial in shaping the wage structure, and thus have an important impact on training. Our results suggest that the more frictional and regulated labor markets in Europe and Japan may generate more firm-sponsored general training than the U.S.

Changes in the Structure of Wages During the 1980's
Changes in the Structure of Wages During the 1980's

Author: John Bound

Publisher:

Published: 1989

Total Pages: 76

ISBN-13:

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Between 1979 and 1987 there were three significant changes in the wage structure in the United States. the pecuniary returns to schooling increased by about a third; the wages of older relative to younger workers with relatively low education increased to some extent; and the wages of women relative to men rose by almost ten percent. It is important for policy purposes to know why these changes occurred and whether they are temporary or permanent. The paper investigates several alternative explanations of these wage structure phenomena, including the most popular ones that their principal causes were shifts in the structure of product demand, skilled-labor saving technological change, and changes in the incidence and level of rents received by lower skilled workers. our reading of the evidence suggests that the major cause of the dramatic movements in the wage structure during the 1980's may have been some combination of changes in both production technology and the average relative nonobserved quality of different labor groups.