Compensating wage differentials in segmented labor markets
- Brand: Tiltag, Dr. Andreas
- Availability: In stock
- SKU: 9783863761264
€39,90
More than 200 years have passed since Adam Smith described the theory of compensating wage differentials. Although theory offers a simple yet compelling explanation for wages associated with job characteristics, the empirical evidence is conflicting. So why do workers with disadvantageous working conditions earn less and not more? The theory...
More than 200 years have passed since Adam Smith described the theory of compensating wage differentials. Although theory offers a simple yet compelling explanation for wages associated with job characteristics, the empirical evidence is conflicting. So why do workers with disadvantageous working conditions earn less and not more? The theory of compensating wage differentials assumes a perfect labor market, which is not to be found in reality. The approach presented is to remove some of the assumptions. This results in a segmented labor market with segment-specific wage mechanisms that are explained using theoretical models. Empirically, it is shown that wage differentials are more in line with Adam Smith's predictions as labor markets approach perfection. However, since most segments do not meet the assumptions of the theory, there is a weighted average of wage differentials for the entire labor market, which is negative for disadvantageous working conditions.
Details
- Title: Compensating Wage Differentials on Segmented Labor Markets
- Subtitle: An explanation for the conundrum of temporary wage deductions
- Author: Dr. Andrew Tiltag
- Edition: 1st edition
- Published: 1st edition 07/01/2014
- Subject: Economics
- Product Type: Book (Hardcover)
- Product type: Dissertation
- Language: German
- Binding: Softcover (paperback)
- Dimensions: 21.0 x 14.8 cm (DIN A5)
- Scope: 489 pages
- Condition: New (shrink-wrapped in foil)
- Keywords: Adam Smith, work, working conditions, labor market segments, job characteristics, assignment models, average treatment effect (ATE), average treatment effect in the labor market segments (ATS), temporary employment contracts, observed labor market segments, efficiency wage models, missing information, human capital, James Heckman, Compensating Wage Differentials, Critical Rationalism, Wage, Wage Deductions, Wage Differentials, Market, Market Mechanism, Mincer, Barriers to Mobility, Panel Models, Riddles, Segments, Segmented Labor Markets, SOEP, Search Models, Partial Labor Markets, Theory of Market Failure, Theory Choice, Treatment Effects Models, Unobserved labor market segments, virtual spaces, econometrics
Downloads
DRM: Digital Watermark
This eBook contains a digital watermark and is therefore personalized for you. If the eBook is passed on to third parties abusively, it is possible to trace it back to the source.
File format: PDF (Portable Document Format)
With a fixed page layout, the PDF is particularly suitable for specialist books with columns, tables and figures. A PDF can be displayed on almost all devices, but is only suitable to a limited extent for small displays (smartphone, e-reader).
System requirements:
PC/Mac: You can read this eBook with a PC or Mac. You need a PDF viewer - e.g. Adobe Reader.
eReader: This eBook can be read with (almost) all eBook readers. However, it is not compatible with the Amazon Kindle.
Smartphone/Tablet: Whether Apple or Android, you can read this eBook. You need a PDF viewer - e.g. Adobe Reader.
Buying eBooks from abroad
For tax law reasons we can sell eBooks just within Germany and Switzerland. Regrettably we cannot fulfill eBook orders from other countries.