Search results for "J31"
showing 7 items of 17 documents
The role of Institutions in explaining wage determination in the Euro Area: a panel cointegration approach
2016
Over the last 15 years, the evolution of labor costs has been very diverse across EMU countries. Since wages have important second-round effects on prices and competitiveness, and EMU countries do not have the tool of the nominal exchange rate to correct for such imbalances, understanding the determinants of the wage is a matter of increasing concern and debate. We estimate the equilibrium wage equation for the Euro Area over the period 1995-2011 using panel cointegration techniques that allow for cross-section dependence and structural breaks. The results show that the equilibrium wage has a positive relation with productivity and negative relation with unemployment, as expected. We also i…
Estimating regional differences in returns to education when schooling and location are determined endogenously
2010
While the growing supply of university skills is known to have agglomerated towards the large centers in Finland, there is no research knowledge available on the development of regional demands. This paper attempts to fill this gap by analyzing regional variation in the private-sector return to university education in Finland for the period 1970 - 2004. In the analysis, we focus on studying 1) whether there are differences in the return to university between different region types, and 2) to what extent can these differences - if they exist - be explained by differences in regional skill supply and unemployment. For the econometric analysis, we use a large register-based dataset constructed…
The workers' value of the remaining employment contract duration
2005
We introduce and apply a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach substantial value to the remaining contract duration. A temporary worker with a remaining contract of six months is willing to pay about 10% of the monthly wage to increase the contract by one month.This discussion paper has resulted in a publication in Economica, 2008, 75(297), 116-39.
Mobility, wages and gender across Europe
2012
In this paper, the socioeconomic and individual characteristics that favor mobility are analyzed. The stochastic frontier technique is used as an instrument of analysis to measure the differences that arise between the potential wage and the one that should be obtained for an individual with particular socioeconomic characteristics given his/her investment in human capital. A data panel of young workers who have been working at least for seven consecutive years is used for this analysis. The data set comes from the European Community Household Panel for the period 1995-2001. The results show that Spanish and Italian women have the higher changing probability; this high probability has a neg…
THE IMPACT OF THE ECONOMIC CRISIS ON THE ROMANIAN LABOR MARKET - A REGIONAL ANALYSIS
2012
The global financial recession reconfigured the economical structures of many countries and in this context the labor markets all around the world faced major salary cuts and job losses. The Romanian economy wasn`t an exception, and for a better understanding of its labor structures we have analyzed the interactions between some of the most representative and measurable indicators using a regional econometric model. The results show that the dynamics of the labor market changed once the economic crisis was installed and are still continuing to modify since the magnitude of this global phenomena was very powerful.
Public-private sector pay gaps in Finland: A quantile regression analysis
2011
This paper examines public-private sector wage differentials in Finland using a quantile regression method. We control for the endogeneity of the working sector and allow the returns of individual skills to vary between industries. The results suggest that men earn a premium of 3 percent in the public sector at the lower-end jobs. At the median and the upper end of the distribution, men’s pay gap is negative, varying between 5 and 10 percent. Women, in turn, always earn more in the public sector (4–10 percent), and the premium is highest at the upper end of the earnings distribution. (JEL: J31, J45) peerReviewed
Losing a Job and (Dis)incentives to Move
2020
Tässä tutkimuksessa tarkastellaan työpaikan menettämisen ja muiden taloudellisten ja ei-taloudellisten kannustimien vaikutuksia alueelliseen muuttoliikkeeseen. Käytämme yhdistettyä työnantaja-työntekijäaineistoa sekä tietoja alueellisista asuntomarkkinoista. Työpaikan menettäneillä tarkoitamme heitä, jotka menettävät työpaikkansa toimipaikan sulkemisen tai joukkoirtisanomisen takia. Työpaikan menetys lisää henkilön muuttoalttiutta noin 80 prosentilla. Työpaikan menettäneet näyttäisivätkin reagoivan taloudellisiin kannustimiin, sillä alhainen oletettu palkkataso ja korkeat asuntojen hinnat alueella ovat yhteydessä lisääntyneeseen muuttoalttiuteen alueelta, josta henkilö on jäänyt työttömäksi…