This paper examines the interplay between career concerns and market structure. Ability and effort are complements: effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. Effort levels at different times are strategic substitutes and, as a result, the unique equilibrium effort and wage paths are single-...

Do Legal Standards Affect Ethical Concerns of Consumers? In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are employed, one with no minimum wage in the first par...

Wages and Ageing: Is There Evidence for the “Inverse-U” Profile? How individual wages change with time, and how they are expected to change as individuals grow older, is one of crucial determinants of their behaviour on the labour market including their decision to retire. The profile of individual hourly wages has for a long time been assumed to follow an “inverse-U” path, although there has b...

Past evidence on the incidence of payroll tax subsidies on employment and wages for disadvantaged workers has been quite mixed. Therefore, this paper makes use of a unique panel of firm level data and a natural experiment to analyze the incidence of wage subsidies on full-time manual workers and pre-tax wages. Using a number of straightforward evaluation estimators we find that employment subsi...

This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as the (required) adjustment of real wage...

This paper applies semiparametric regression models to shed light on the relationship between body weight and labor market outcomes in Germany. We find conclusive evidence that these relationships are poorly described by linear or quadratic OLS specifications. Women's wages and employment probabilities do not follow a linear relationship and are highest at a body weight far below the clinical t...

Less than 20 percent of all people work in nonmetropolitan areas in the United States, and their average hourly wage is over $3 less than that of people in metropolitan areas. However, by occupation, the concentration of workers and their wages in nonmetropolitan areas vary considerably from the national averages. Overall average salaries are higher in metropolitan areas than in nonmetropolitan...

The effect of previous geographic mobility on the length of an unemployed person's job search in the United States is examined. "This study proposed that knowledge of regional wage differentials and other market conditions give a worker with prior geographic mobility experience a better stock of information than one who has worked all of his or her work life in the same geographical location. ...