Wages, School Quality, and Employment Demand
Wages, School Quality, and Employment Demand

Author: David Card

Publisher: Oxford University Press, USA

Published: 2011-10-27

Total Pages: 325

ISBN-13: 0199693382

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David Card and Alan B. Krueger received the IZA Prize in Labor Economics in 2006 for their outstanding contributions to the field. This volume provides an overview of their most important work on school quality, differences in wages across groups in the US, and the effect of changes in the minimum wage on employment and wage setting.

Cost-of-living Adjustment Clauses in Union Contracts
Cost-of-living Adjustment Clauses in Union Contracts

Author: Ronald G. Ehrenberg

Publisher:

Published: 1982

Total Pages: 116

ISBN-13:

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Our paper seeks to provide an explanation for why the prevalence of COLA provisions and their characteristics vary widely across U.S. industries. We develop models of optimal risk sharing between a firm and union that allows us to investigate the determinants of a number of characteristics of union contracts. These include the presence of wage indexation, the degree of wage indexation if it exists, the magnitude of deferred noncontingent (on the price level) wage increases, the duration of labor contracts and the trade-off between temporary layoffs and wage indexation. Preliminary empirical tests of some of the implications of the model are conducted using industry data on both the prevalence of COLA provisions and layoff rates, and using contract level data on the characteristics of COLA provisions and contract duration. One key finding is that the level of unemployment insurance benefits appears to simultaneously influence the level of layoffs and the extent of COLA coverage.

Labor Economics
Labor Economics

Author: Orley Ashenfelter

Publisher: Edward Elgar Publishing

Published: 1995

Total Pages: 536

ISBN-13:

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This four-volume set deals with labour economics. It is part of the Elgar series entitled The International Library of Critical Writings in Economics. It contains 80 articles, dating from 1958 to 1992.

The American Economic Review
The American Economic Review

Author:

Publisher:

Published: 1990

Total Pages: 768

ISBN-13:

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Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research.

Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts
Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts

Author: David Edward Card

Publisher:

Published: 1988

Total Pages: 70

ISBN-13:

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This paper presents new microeconometric evidence on the relevance of nominal contracting for employment determination in the unionized sector. Real wages in long term union contracts contain an unanticipated component that reflects unexpected changes in prices and the degree of indexation. These unexpected wage components provide a convenient tool for separating the causal effects of wages on employment from other endogenous sources of employment and wage variation. The empirical analysis of employment and wage outcomes among collective agreements in the Canadian manufacturing sector reveals that employment and wages are only weakly related. When unexpected changes in real wages are used as an instrumental variable for the contract wage, however, employment is consistently negatively related to wages. The results imply that the institutional structure of wage determination has important effects on the cyclical characteristics and persistence of employment changes.