scholarly journals Wage Posting and Business Cycles

2016 ◽  
Vol 106 (5) ◽  
pp. 208-213 ◽  
Author(s):  
Giuseppe Moscarini ◽  
Fabien Postel-Vinay
Keyword(s):  
Time Series ◽  
Business Cycles ◽  
Unemployment Rate ◽  
Job Search ◽  
Wage Growth ◽  
Program Participation ◽  
Average Wage ◽  
Micro Data ◽  
Natural Connection ◽  
Monetary Authorities

The canonical model of job search and wage posting (Burdett and Mortensen, 1998) establishes a natural connection between the average wage growth in the economy and the pace of Employer-to-Employer (EE) transitions, predicting wage growth to be positively related to the pace of EE reallocation for all workers, but especially for stayers. We verify this empirically both with aggregate time series and with longitudinal micro data from the Survey of Income and Program Participation (SIPP). We argue that monetary authorities concerned with inflationary wage pressure should pay more attention directly to EE reallocation and less to the unemployment rate.

scholarly journals Evaluation of the Average Wage in Agriculture Depending on the Value of Gross Agricultural Production in Different Regions in Slovakia

2014 ◽  
Vol 7 (26) ◽  
pp. 237-243
Author(s):  
Ivana Kravčáková Vozárová ◽  
Elena Šíra
Keyword(s):  
Rural Areas ◽  
Agricultural Production ◽  
Labour Productivity ◽  
Average Wage ◽  
Wage Level ◽  
Rural Regions ◽  
Wage Inequalities

Abstract The agriculture is currently not among highly attractive, highly productive and profitable sectors, but its importance for the country and economy is unquestionable. It turns out that the level of labour productivity as well as other factors reflects the different wage level. Lower average nominal wages of workers in rural areas are a factor causing overall economy lagging of rural regions. The aim of this paper is to determine the dependence of the average wage level from gross agricultural production in different regions of Slovakia and confirm respectively refute the hypothesis of wage inequalities between regions

Does Switching to a Western German Employer Still Pay Off?

2014 ◽  
Vol 234 (5) ◽  
Author(s):  
Bastian Alm ◽  
Dirk Engel ◽  
Antje Weyh
Keyword(s):  
Social Insurance ◽  
Wage Differential ◽  
Wage Growth ◽  
Average Wage ◽  
Medium Term ◽  
Difference In Differences ◽  
Eastern Germany ◽  
Wage Effect ◽  
Western Germany ◽  
Matching Procedure

SummaryThis paper deals with the medium-term effects of job mobility on the average wage growth of job-movers in eastern Germany. The analysis is based on all employees subject to social insurance contributions working in eastern Germany in 2004. Using a statistical matching procedure combined with a difference-in-differences estimator, we observe that job-movers achieve an average annual wage increase of 2.68% between 2004 and 2009, which is significantly higher than the annual wage growth of selected non-movers (1.34 %). The finding is very robust against changes in the matching procedure. The positive wage differential due to changing jobs was found for a variety of subgroups of individuals that were formed on the basis of sociodemographic and firm-specific characteristics. In contrast to the evidence in the 1990’s, the positive wage effect is now significantly lower for movers from eastern to western Germany compared to movers within eastern Germany.

scholarly journals Current state of labour productivity in the economy of developed countries

2019 ◽  
Vol 91 ◽  
pp. 08022 ◽  
Author(s):  
Irina Bogatyreva ◽  
Marina Simonova ◽  
Elena Privorotskaya
Keyword(s):  
Labour Productivity ◽  
Developed Countries ◽  
Average Wage ◽  
Labour Productivity Growth ◽  
Russian Economy ◽  
Current State ◽  
Productivity Increase ◽  
The Usa ◽  
Productivity Indicators ◽  
The Developed Countries

The article is devoted to the problems of labour productivity increase. It studies trends in labour productivity growth in 12 developed countries and presents a comparative analysis of individual factors that directly affect labour productivity indicators in some European countries as well as the USA and Japan. The article examines and analyzes the reasons for Russia’s lagging behind the developed countries of Europe and the USA in terms of labour productivity; the detailed analysis of the level and dynamics of labour productivity in the Russian economy is given. The authors of the article calculated indicators of labour productivity, indicators of the ratio of the average wage growth rates in the economy of the Samara region. Special attention is paid to the study of organizational and socioeconomic factors of increasing labour productivity in conditions of limited financial resources.

scholarly journals Regional Differentiation of Labour Productivity and Distribution of Value Added

2019 ◽  
pp. 2290-2308 ◽  
Author(s):  
Elena N. Pochekutova
Keyword(s):  
Minimum Wage ◽  
Production Efficiency ◽  
Labour Productivity ◽  
Value Added ◽  
Regional Differentiation ◽  
Average Wage ◽  
Economic Activities ◽  
Industry Specialization ◽  
Wage Formation ◽  
High Level

The article deals with the issue of the distribution of value added in the course of wage formation. Improvement of the efficiency of social production in Russia is associated with the need for innovative, technological changes that should lead to an increase in labor productivity. The Russian Federation is not a country with a high level of production efficiency. Frequently, this very fact is the reason for justifying the low wages in the country. The paradox of the existence of the category of working citizens — “the working poor” — in the country is based, among other things, on a low level of guaranteed incomes — the minimum wage. The minimum wage until May 1, 2018 did not meet the minimum wage. Neither in economic theory nor in the practice of national economies does there exist an “optimal” correlation of the distribution of value added between employees and owners. Yet, the ratio of the minimum wage to the value added rather vividly characterizes the fairness of the current systems of relations in the labour market, this phenomenon being termed “the freedom of work” by a number of experts. The size of the average wage in the region depends on the presence of high value added industries in the territory, i.e. on industry specialization. The established practice in Russia is as follows: the higher the level of average wage is, the lower the share of value added per wage is. Regions without specialization in high value-added economic activities will more realistically assess the level of socio-economic development, basing their strategic development on industries that form more equitable wage systems and equalize the average wage

scholarly journals How Aggregation Matters for Measured Wage Growth

2020 ◽  
pp. 1-9
Author(s):  
Michael Morris ◽  
Robert W. Rich ◽  
Joseph Tracy
Keyword(s):  
Labor Market ◽  
Current Population Survey ◽  
Population Survey ◽  
Wage Growth ◽  
Nonlinear Relationship ◽  
Average Wage ◽  
Aggregation Method ◽  
Hours Worked ◽  
High Earning ◽  
Using Data

Wage growth is often measured by the change in average hourly earnings (AHE), a gauge of overall wages that aggregates information on earnings and hours worked across individuals. A close look at this aggregation method demonstrates that AHE growth reflects disproportionately the profile of high-earning workers who typically display lower and less cyclically sensitive wage growth. Using data from the Current Population Survey (CPS), we adopt a different aggregation method and compute wage growth as the average of individuals’ wage growth. The analysis indicates that the CPS measure of average wage growth is significantly higher than AHE growth and that it displays a more meaningful nonlinear relationship with the Congressional Budget Office’s unemployment gap. Last, our findings do not support the claim that there is still hidden labor market slack restraining wage growth.

scholarly journals New imported inputs, wages and worker mobility

2019 ◽  
Author(s):  
Italo Colantone ◽  
Alessia Matano ◽  
Paolo Naticchioni
Keyword(s):  
Wage Growth ◽  
Blue Collar ◽  
Assortative Matching ◽  
Average Wage ◽  
Skilled Workers ◽  
Wage Dynamics ◽  
Firm Level ◽  
Worker Mobility ◽  
Individual Level ◽  
The Individual

Abstract We study how firms and industries adjust to increasing international trade in intermediate inputs. In particular, we provide a comprehensive assessment of the effects of new imported inputs on wage dynamics, on the skill-composition of the labor force, on worker mobility, and on assortative matching between firms and workers. We employ matched employer-employee data for Italy, over 1995–2007. We complement these data with information on the arrival of new imported inputs at the industry level. We find new imported inputs to have a positive effect on average wage growth at the firm level. This effect is driven by two factors: (1) an increase in the white-collar/blue-collar ratio; and (2) an increase in the average wage growth of blue-collar workers, while the wage growth of white collars is not significantly affected. The individual-level analysis reveals that the increase in the average wage of blue collars is driven by the displacement of the lowest paid workers, while continuously employed individuals are not affected. We estimate the unobserved skills of workers. We find evidence that new imported inputs lead to a positive selection of higher-skilled workers, and to an increase in the degree of positive assortative matching between firms and workers.

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