| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6866 |
| DP6866 Tariff-Mediated Network Externalities: Is Regulatory Intervention Any Good? | |
| Steffen Hoernig | |
| 发表日期 | 2008-06-13 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We use a rich personnel data set from a Russian firm for the years 1997 to 2002 to analyze how the financial crisis in 1998 and the resulting change in external labour market conditions affect the wages and the welfare of workers inside a firm. We provide evidence that large shocks to external conditions affect the firm?s personnel policies, and show that the burden of the shock is not evenly spread across the workforce. The firm takes advantage of a high-inflationary environment and of a fall in workers? outside options after the financial crisis and cuts real wages. Earnings are curbed most for those who earned the highest rents, resulting in a strong compression of real wages. The fact that real wages and real compensation levels never recovered to pre-crisis levels even though the firm?s financial situation was better in 2002 than before the crisis and the differential treatment of employee groups within the firm can be taken as evidence that market forces strongly influence the wage policies of our firm. |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | Firm-level wage setting Internal labour markets Personnel data Russia |
| URL | https://cepr.org/publications/dp6866 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535690 |
| 推荐引用方式 GB/T 7714 | Steffen Hoernig. DP6866 Tariff-Mediated Network Externalities: Is Regulatory Intervention Any Good?. 2008. |
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