Structure of Wages

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belgium
Category=KCF
class
compensation
denmark
distribution
economics
economy
employees
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
finland
firm productivity
france
germany
income
industrial organization
international
italy
labor
market conditions
mobility
netherlands
nonfiction
norway
pay raises
performance
promotion
rising
success
sweden
talent
variance
wage differentials
wealth

Product details

  • ISBN 9780226470504
  • Weight: 737g
  • Dimensions: 16 x 23mm
  • Publication Date: 15 Feb 2009
  • Publisher: The University of Chicago Press
  • Publication City/Country: US
  • Product Form: Hardback
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The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, "The Structure of Wages: An International Comparison" analyzes labor trends and their institutional background in the United States and eight European countries.A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organizations.
Edward P. Lazear is the Jack Steele Parker Professor of Human Resources Management and Economics at the Graduate School of Business, Stanford University; the Morris Arnold Cox Senior Fellow at the Hoover Institution; chairman of the Council of Economic Advisers to the President of the United States; and a research associate of the NBER. Kathryn L. Shaw is the Ernest C. Arbuckle Professor of Economics in the Graduate School of Business, Stanford University, and a research associate of the NBER.