Did European Labor Markets Become More Competitive in the 1990s? Evidence from Estimated Worker Rents
In: Labor Markets and Institutions
This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the European Household Panel Survey. I look at two classes of measures: wage differentials between workers along industry and firm size dimensions; and estimated welfare differences between employed and unemployed using a model of labour market transitions. The results are largely negative; there is robust evidence of falling rents during that period only in Ireland.
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|This chapter was published in: Jorge Restrepo & Andrea Tokman R. & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.) Labor Markets and Institutions, , chapter 8, pages 281-300, 2005.|
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