dc.contributor.author | Strifler, Matthias | |
dc.date.accessioned | 2017-04-12T07:18:07Z | |
dc.date.available | 2017-04-12T07:18:07Z | |
dc.date.issued | 2017 | |
dc.identifier.isbn | 978-951-39-7024-6 | |
dc.identifier.other | oai:jykdok.linneanet.fi:1694710 | |
dc.identifier.uri | https://jyx.jyu.fi/handle/123456789/53579 | |
dc.description.abstract | The focus of this dissertation is on the effects of specific employer characteristics on wages
and wage rigidity and how these characteristics enter the wage-setting process. The
dissertation includes an introductory chapter and five separate essays. The introduction
provides motivation, background on the main keywords and an overview of the thesis.
Chapters two and three study how internal references affect wages and wage rigidity from
a theoretical perspective. The fourth chapter estimates the effect of firm size on wages in
the Finnish labor market. Chapter five develops on the preceding and analyses how profit
sharing schemes affect the firm size premium. Chapter six studies how internal references
can induce profit sharing and wage rigidity from an empirical perspective.
Chapter two analyses how fairness considerations of workers affect the union wagesetting process and ultimately on wages, employment and wage rigidity. Fairness is
modeled as internal reference where workers compare wages to firm productivity
respectively profitability. If the internal reference is high relative to the outside option,
wage pressure results through a productivity/profitability premium as well as real wage
rigidity.
The third chapter reviews the core research on internal references and wage rigidity.
With one exception it suggests that internal references unambiguously increase wage
rigidity. In contrast, this chapter provides analytical proofs, calibration results and impulse
response functions which show that the effect is ambiguous. The effect of the internal
reference relative to the external reference determines whether wage rigidity increases or
decreases.
Chapter four explores the relationship between wages and firm size in the Finnish
labor market. Using a large register data set the effect of firm size is found to be negligible
after controlling for a large set of worker and firm characteristics and across different
identification strategies.
Chapter five analyzes the interaction of the firm size wage premium and profit
sharing schemes. A simple theoretical analysis shows that the firm-size wage premium
decreases in the presence of profit sharing. Using a rich linked employer-employee data set
the empirical analysis shows that besides profit sharing, assortative matching and
monopsony behavior decrease the firm size premium.
The sixth chapter analyses the connection between profit sharing and wage rigidity
where profits per worker are measured directly through the balance sheet panel. Profit
endogeneity is accounted for by instrumentation as well as the self-selection of firms in
different categories of profitability. Profits are shared if positive or increasing while there is
no downward adjustment of wages if profits are negative or decreasing. This finding
suggests that profits per worker function as internal reference. | |
dc.format.extent | 1 verkkoaineisto (186 sivua) : kuvitettu | |
dc.language.iso | eng | |
dc.publisher | University of Jyväskylä | |
dc.relation.ispartofseries | Jyväskylä studies in business and economics | |
dc.relation.isversionof | Julkaistu myös painettuna. | |
dc.rights | In Copyright | |
dc.subject.other | wage rigidity | |
dc.subject.other | wage premium | |
dc.subject.other | profit sharing | |
dc.subject.other | labor unions | |
dc.subject.other | internal reference | |
dc.subject.other | firm size | |
dc.subject.other | fairness | |
dc.subject.other | external reference | |
dc.subject.other | efficiency wages | |
dc.title | Economics of wage premia and wage rigidity | |
dc.type | doctoral thesis | |
dc.identifier.urn | URN:ISBN:978-951-39-7024-6 | |
dc.type.dcmitype | Text | en |
dc.type.ontasot | Väitöskirja | fi |
dc.type.ontasot | Doctoral dissertation | en |
dc.contributor.tiedekunta | Jyväskylä University School of Business and Economics | en |
dc.contributor.tiedekunta | Jyväskylän yliopiston kauppakorkeakoulu | fi |
dc.contributor.yliopisto | University of Jyväskylä | en |
dc.contributor.yliopisto | Jyväskylän yliopisto | fi |
dc.contributor.oppiaine | Taloustiede | fi |
dc.type.coar | http://purl.org/coar/resource_type/c_db06 | |
dc.relation.issn | 1457-1986 | |
dc.relation.numberinseries | 176 | |
dc.rights.accesslevel | openAccess | |
dc.type.publication | doctoralThesis | |
dc.subject.yso | palkat | |
dc.subject.yso | palkkaus | |
dc.subject.yso | palkkaerot | |
dc.subject.yso | yritykset | |
dc.subject.yso | koko | |
dc.subject.yso | voitot | |
dc.subject.yso | voitonjako | |
dc.subject.yso | oikeudenmukaisuus | |
dc.subject.yso | ammattiliitot | |
dc.rights.url | https://rightsstatements.org/page/InC/1.0/ | |