The importance of firms in wage determination
By: by Max Gruetter, Rafael Lalive.
Contributors: Lalive, Rafael.
Series: Discussion paper ;; no. 1367; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1367
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Wages.; Compensation management.; Business enterprises.
Description: "Firms are central to many theories of the labor market. However, the extent to which firms affect wages has only recently been explored using matched employer-employee data. This paper investigates (i) the importance of firms in explaining wage differences across individuals and industries, and (ii) how the nature of interfirm mobility -- job-to-job vs. job-unemployment-job -- affects the relative importance of firms and workers in wage determination. Results indicate that (i) firms are much more important in explaining the variance of average wages across industries rather than individuals, and (ii) using job-to-job transitions reduces the importance of firm wage policies in explaining differences"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/15/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.