Contribution of firm-wage premia to variance of wages

2021 ◽  
Keyword(s):  
Wage Premia

PENSIONS AND WAGE PREMIA

1997 ◽  
Vol 35 (3) ◽  
pp. 510-522 ◽  
Author(s):  
EDWARD MONTGOMERY ◽  
KATHRYN SHAW
Keyword(s):  
Wage Premia

Human Capital and Technological Transition: Insights from the U.S. Navy

2011 ◽  
Vol 71 (3) ◽  
pp. 704-729 ◽  
Author(s):  
Darrell J. Glaser ◽  
Ahmed S. Rahman
Keyword(s):  
Nineteenth Century ◽  
Human Capital ◽  
Specialized Training ◽  
Naval Academy ◽  
Technological Transition ◽  
Wage Premia ◽  
Naval Officers ◽  
The U.S

We explore the effects of human capital on workers during the latter nineteenth century by examining the U.S. Navy. Naval officers belonged either to a regular or an engineer corps and had tasks assigned for their specialized training. We compile education and career data for officers from Naval Academy and navy registers for the years 1858 to 1907. Wage premia for “engineer-skilled” officers deteriorated over their careers; more traditionally skilled officers enjoyed higher gains in earnings and more frequent promotions. This compelled those with engineering skills to leave the service early, hindering the navy's capacity to further technologically develop.

scholarly journals Incentive provision to farm workers in post-socialist settings: evidence from East Germany and North Kazakhstan

2017 ◽  
Vol 20 (2) ◽  
pp. 239-256 ◽  
Author(s):  
Martin Petrick
Keyword(s):  
Reference Group ◽  
East Germany ◽  
Primary Data ◽  
Time Rate ◽  
Rate System ◽  
Cross Sectional ◽  
Piece Rate ◽  
East German ◽  
Wage Premia ◽  
Piece Rates

This article explores the current practice of motivating agricultural workers in post-socialist settings. In addition, it attempts to evaluate the different wage systems observed in reality and better understand under which conditions they are reformed. It does so by contrasting the experience of two extreme cases representing fast and slow reform advance, East Germany and North Kazakhstan. The primary data for the analysis comes from cross-sectional farm surveys conducted by various researchers in both countries. East German farmers quickly replaced the inherited Soviet-style piece rate payment system by simple time rate schemes, augmented by wage premia for certain performance parameters, especially in livestock. To the contrary, the piece rate approach persists in many farms in North Kazakhstan. Moreover, the latter rarely use non-wage incentives to motivate their workers. In Kazakhstan, farms using either mixed systems or pure piece rates were more productive than the reference group using pure time rates. Labour cost per worker were lowest for pure time rate systems in both countries, followed by mixed bonus systems, whereas pure piece rate systems implied the highest cost in Kazakhstan. Kazakhstani managers tend to move away from the Soviet piece rate system if external investors become engaged in farming operations.

Unions, Work Practices, and Wages under Different Institutional Environments: The Case of Canada and England

ILR Review ◽  
2007 ◽  
Vol 60 (4) ◽  
pp. 457-476 ◽  
Author(s):  
John Godard
Keyword(s):  
Union Wage ◽  
Strong Association ◽  
Work Practices ◽  
Telephone Surveys ◽  
Non Union ◽  
Economic Role ◽  
Union Representation ◽  
Alternative Means ◽  
Using Data ◽  
Wage Premia

Using data collected in 2003–2004 in national telephone surveys of 750 Canadian and 450 English workers, the author finds that alternative work practices (AWPs), such as autonomous teams, quality circles, and information sharing, provided meaningful pay gains for non-union workers but not union workers in both Canada and England. In Canada, non-union AWP payoffs approached union wage premia at even moderate levels of AWP adoption, suggesting that AWPs may serve as an alternative means to higher pay, one that is incompatible with unions and that could erode demand for union representation. In England, there was no meaningful union wage premium, suggesting that AWPs may have replaced pay bargaining as a means to higher pay; but an interaction term combining union representation and “best” HR practices bore a strong association with higher pay, consistent with a new economic role whereby unions achieve gains for their members through collaborative, performance-enhancing strategies.

scholarly journals Earning like a Prof: Academic rank wage premia in Ústí nad Labem, Czechia

GeoScape ◽  
2021 ◽  
Vol 15 (2) ◽  
pp. 146-158
Author(s):  
Daniel Šťastný ◽  
Julius Janáček
Keyword(s):  
Public University ◽  
Local Context ◽  
Academic Rank ◽  
Clear Pattern ◽  
Data Set ◽  
Educational Levels ◽  
Anonymized Data ◽  
Wage Premia ◽  
The University ◽  
Monthly Premium

Abstract The article attempts to estimate the size of the wage premia fetched by ranked academics on the academic market in Ústí nad Labem, Czechia. We employed a large (anonymized) data set of contracts and wages of employees of a medium-sized regional public university in Ústí nad Labem. We used OLS regression in various specifications to determine the wage premia of all educational levels (mainly full professors over associate professors/ docents and associate professors/docents over assistant professors/PhDs) while controlling for many attributes (of employees or contracts) possibly affecting wage levels. The local context regarding the topic of this article is discussed as well. The results generally confirm the intuition and show a clear pattern of increasing wages with levels and ranks. Focusing predominantly on the academic ranks, the monthly premium of associate professors (docents) over PhDs seems to be somewhere between 5 and 6 thousand CZK (185 and 220 EUR), and the premium of full professors over associate professors to an average of around 4 thousand CZK (150 EUR). The latter premium, however, exhibits systematic variation across different schools within the university: in some it is insignificant (around 0), while in others it is rather large and averages around 8 thousand CZK (300 EUR).

scholarly journals Organised Labour, Labour Market Imperfections, and Employer Wage Premia

2020 ◽  
Author(s):  
Sabien Dobbelaere ◽  
Boris Hirsch ◽  
Steffen Mueller ◽  
Georg Neuschäffer
Keyword(s):  
Labour Market ◽  
Market Imperfections ◽  
Wage Premia

Inequality and Opportunity in a Perfect Storm of Graduate Student Debt

2019 ◽  
Vol 93 (1) ◽  
pp. 20-39 ◽  
Author(s):  
Jaymes Pyne ◽  
Eric Grodsky
Keyword(s):  
Low Socioeconomic Status ◽  
Social Stratification ◽  
Student Loan ◽  
Bachelor's Degree ◽  
Advanced Degree ◽  
Advanced Degrees ◽  
Professional Students ◽  
Educational Debt ◽  
Wage Premia ◽  
Perfect Storm

Recent efforts to understand aggregate student loan debt have shifted the focus away from undergraduate borrowing and toward dramatically rising debt among graduate and professional students. We suggest educational debt plays a key role in social stratification by either deterring bachelor’s degree holders from disadvantaged and underrepresented backgrounds from pursuing lucrative careers through advanced degree programs or imposing a high cost for entry. We speculate that the ongoing personal financing of advanced degrees, changes to funding in higher education, and increasing returns to and demand for postbaccalaureate degrees have created a perfect storm for those seeking degrees beyond college. We find that aggregate increases in borrowing among advanced degree students between 1996 and 2016 can be explained in part by increasing enrollment rates, particularly among master’s degree students, and large, secular increases in graduate and professional students’ undergraduate and graduate borrowing. In contrast to undergraduate debt alone, the burden of educational debt among graduate borrowers appears to have fallen on students from lower socioeconomic backgrounds and historically underserved students of color more so than their more advantaged counterparts and on women more so than men. However, we also find that median advanced degree wage premia over those of bachelor’s degree holders are substantial for many who graduate with advanced degrees but are particularly high for African American and low socioeconomic status graduates, complicating simple conclusions about the stratification of debt at the postgraduate level.

Sign in / Sign up

Export Citation Format

Share Document