scholarly journals Relative Wages, Efficiency Wages, and Keynesian Unemployment

10.3386/w2590 ◽  
1988 ◽  
Author(s):  
Lawrence Summers
Keyword(s):  
Efficiency Wages ◽  
Relative Wages ◽  
Keynesian Unemployment

Relative wages and employment fluctuations

1989 ◽  
Vol 11 (4) ◽  
pp. 477-492 ◽  
Author(s):  
Torben M. Andersen ◽  
Michael Christensen
Keyword(s):  
Relative Wages ◽  
Employment Fluctuations

scholarly journals Effects of Industry Growth and Decline on Gender and Education Wage Gaps in the 1980S

ILR Review ◽  
2005 ◽  
Vol 58 (4) ◽  
pp. 552-570 ◽  
Author(s):  
Paul J. Devereux
Keyword(s):  
Longitudinal Data ◽  
Wage Growth ◽  
Wage Gaps ◽  
Industry Growth ◽  
Industrial Composition ◽  
Relative Wages ◽  
Gender And Education ◽  
The Individual ◽  
Demand Changes

The author uses longitudinal data to study the effects of industry growth and decline on wage changes between 1976 and 2001. He finds that over this period, workers who were initially in industries that subsequently expanded enjoyed faster wage growth than other workers. Moreover, wage growth was strongly related to employment changes in industries the individual was likely to move to: that is, workers' wage growth tended to be relatively fast if their skills suited them for entry into rapidly expanding industries, whether or not they actually moved between industries. The author uses the estimates to evaluate the effects of industry demand changes on within-cohort relative wages during the 1980s. He finds that changes in industrial composition can account for most of the within-cohort increase in the wages of women relative to men and about 30–50% of the increase in the relative wages of more educated groups within cohorts.

scholarly journals Searching For Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage

2006 ◽  
Vol 6 (1) ◽  
Author(s):  
Leora Friedberg ◽  
Michael T Owyang ◽  
Tara M Sinclair
Keyword(s):  
Job Search ◽  
Search Costs ◽  
Private Pension ◽  
Search Model ◽  
Defined Benefit ◽  
Job Tenure ◽  
Relative Wages ◽  
Pension Coverage ◽  
New Evidence ◽  
General Conditions

Abstract Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. New evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Either reduced search costs or an increase in the probability of job matches can, under fairly general conditions, lower the value of deterring search and the use of DB pensions.

The impact of trade on the relative wages and employment of low skill workers in France

2001 ◽  
Vol 33 (6) ◽  
pp. 801-810 ◽  
Author(s):  
Stephen Bazen ◽  
Jean-Marie Cardebat
Keyword(s):  
Relative Wages ◽  
The Impact
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