scholarly journals Uncertainty, Pay for Performance and Adverse Selection in a Competitive Labor Market

2004 ◽  
Author(s):  
Felipe Balmaceda
Keyword(s):  
Labor Market ◽  
Adverse Selection ◽  
Pay For Performance ◽  
Competitive Labor Market

scholarly journals On the Incentives to Increase Input Efficiency under Monopoly Trade Unions

2012 ◽  
Vol 4 (1) ◽  
pp. 39-51
Author(s):  
Tapan Biswas ◽  
Jolian McHardy
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Trade Unions ◽  
Utility Functions ◽  
Elasticity Of Substitution ◽  
Cournot Duopoly ◽  
Technological Improvement ◽  
Input Efficiency ◽  
Competitive Labor Market

We examine the effects of and the incentives for increasing input efficiency within a spatially segregated  Cournot duopoly with monopoly trade unions whose utility functions depend on both wages and employment. We show that with neoclassical as well as Leontief technology, unions raise wages to appropriate fully the gains from labor-saving technological (or organisational) improvements, leaving the firm with no incentive to invest in increasing the efficiency of workers. However, capital-saving     technological improvement may be profitable depending on the elasticity of substitution. Finally, we examine the implication of a fixed minimum wage (or competitive labor market) in one country.

Market and Institutional Determinants of Wage Differentiation in Russia

ILR Review ◽  
2002 ◽  
Vol 55 (4) ◽  
pp. 628-648 ◽  
Author(s):  
Simon Clarke
Keyword(s):  
Labor Market ◽  
World Bank ◽  
Wage Inequality ◽  
Institutional Economics ◽  
Industrial Relations ◽  
Wage Determination ◽  
Market Theory ◽  
Institutional Determinants ◽  
Competitive Labor Market

Using a range of official and survey data, the author evaluates the relative success of two approaches—competitive labor market theory and industrial relations theory/institutional economics—in explaining wage determination in Russia. Following a review of the analysis of wage determination by an influential team of World Bank economists, the author shows that increased wage inequality in Russia is dominated by inequality within occupational categories within local labor markets. Such inequality, he suggests, is primarily associated with inter-firm differences in wage levels, rather than barriers to labor mobility or differences in “human capital.” Such a pattern of differentiation entirely accords with the analyses of those institutional economists and industrial relations theorists who stress the role of the wage in regulating and motivating the labor force above its role in securing labor market equilibrium. The paper concludes by outlining the institutional framework of wage determination that underlies the observed results.

Testing for ability in a competitive labor market

1981 ◽  
Vol 25 (1) ◽  
pp. 42-66 ◽  
Author(s):  
K Burdett ◽  
Dale T Mortensen
Keyword(s):  
Labor Market ◽  
Competitive Labor Market

scholarly journals Hiring Through Referrals in a Labor Market with Adverse Selection

2019 ◽  
Author(s):  
Aurelie Dariel ◽  
Arno M. Riedl ◽  
Simon Siegenthaler
Keyword(s):  
Labor Market ◽  
Adverse Selection

scholarly journals Firms and the Intergenerational Transmission of Labor Market Advantage

2021 ◽  
Author(s):  
Per Engzell ◽  
Nathan Wilmers
Keyword(s):  
Labor Market ◽  
Intergenerational Transmission ◽  
Intergenerational Mobility ◽  
Individual Characteristics ◽  
High Income ◽  
Population Register ◽  
Swedish Population ◽  
Individual Traits ◽  
Imperfectly Competitive ◽  
Competitive Labor Market

Recent research finds that pay inequality stems both from firm pay-setting and from workers’ individual characteristics. Yet, intergenerational mobility research remains focused on transmission of individual traits, and has failed to test how firms shape the inheritance of inequality. We study this question using three decades of Swedish population register data, and decompose the intergenerational earnings correlation into firm pay premiums and stable worker effects. One quarter of the intergenerational earnings correlation at midlife is explained by sorting between firms with unequal pay. Employer or industry inheritance account for a surprisingly small share of this firm-based earnings transmission. Instead, children from high-income backgrounds benefit from matching with high-paying firms irrespective of the sources of parents’ earnings advantage. Our analysis reveals how an imperfectly competitive labor market provides an opening for skill-based rewards in one generation to become class-based advantages in the next.

scholarly journals FORMATION OF PROFESSIONAL COMMUNICATIVE COMPETENCE OF STUDENTS OF ECONOMIC SPECIALTIES (IN THE PROCESS OF LEARNING ENGLISH)

2021 ◽  
Vol 9 (12) ◽  
pp. 390-395
Author(s):  
Tursunova Umida ◽  
Keyword(s):  
Labor Market ◽  
Social Norms ◽  
Vocational Education ◽  
Communicative Competence ◽  
Professional Activity ◽  
Professional Activities ◽  
Competitive Labor Market ◽  
Conditions Of Learning ◽  
Linguistic Means ◽  
Learning English

At present, the system of general and vocational education is undergoing fundamental changes, as never before, orient specialists towards creativity in their professional activities. The main goal of modern vocational education is to train a qualified, competent specialist who is ready to work in an increasingly competitive labor market. Modern professional activity imposes special requirements on the communicative training of specialists, which is manifested in the ability to negotiate, conduct a dialogue, correlate linguistic means with the tasks and conditions of learning, take into account social norms of behavior and the communicative expediency of statements.

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