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Are US wages really determined by European Labor–Market Institutions?

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Author Info

  • Jürgen Meckl

    ()
    (Department of Economics, University of Konstanz)

Abstract

In this paper I develop a theoretical model explaining optimal wage-tenure profiles for heterogeneous labor. My findings entail that high productive people have steeper profiles than low productive individuals. I find strong empirical evidence for these findings. At the end of my paper, I utilize the basic model to describe the labor market entry of college graduates.

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File URL: http://w3.ub.uni-konstanz.de/v13/volltexte/2004/1329//pdf/Heterogene_Arbeit_04_15.pdf
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Bibliographic Info

Paper provided by Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim in its series Working Papers of the Research Group Heterogenous Labor with number 04-15.

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Length: 15 pages
Date of creation: 15 Sep 2004
Date of revision:
Handle: RePEc:knz:hetero:0415

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Related research

Keywords: Ausbildungsentscheidungen;

References

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  1. Taber, Christopher R, 2001. "The Rising College Premium in the Eighties: Return to College or Return to Unobserved Ability?," Review of Economic Studies, Wiley Blackwell, vol. 68(3), pages 665-91, July.
  2. Davis, Donald R, 1998. "Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade," American Economic Review, American Economic Association, vol. 88(3), pages 478-94, June.
  3. Wood, Adrian, 1998. "Globalisation and the Rise in Labour Market Inequalities," Economic Journal, Royal Economic Society, vol. 108(450), pages 1463-82, September.
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