| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22850 |
| 来源ID | Working Paper 22850 |
| Firms and Labor Market Inequality: Evidence and Some Theory | |
| David Card; Ana Rute Cardoso; Jörg Heining; Patrick Kline | |
| 发表日期 | 2016-11-21 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We survey two growing bodies of research on firm-level drivers of labor market inequality. The first examines how wages are affected by differences in employer productivity. Studies that focus on firm-specific productivity shocks and control for the non-random sorting of workers to firms typically find that a 10% increase in value-added per worker leads to somewhere between a 0.5% and 1.5% increase in wages. Given the wide variation in firm-specific productivity, elasticities of this size suggest that a significant fraction of wage inequality is tied to firm performance. A second literature estimates two-way fixed effects models that rely on the wage changes of people who move between firms to identify firm-specific wage premiums. This literature also concludes that firm pay setting is important for wage inequality, with many studies finding that firm wage effects contribute approximately 20% of the overall variance of wages. To interpret these findings, we develop a model of firm wage setting in which workers have idiosyncratic tastes for different workplaces. We show that simple versions of this model can rationalize the standard two-way fixed effects specification proposed by Abowd, Kramarz and Margolis (1999), and can also match the typical “rent-sharing” elasticities estimated in the literature. Extended versions of the model can potentially explain differences in the wage premiums paid by a given employer to different subgroups of workers. |
| 主题 | Microeconomics ; Households and Firms ; Labor Economics ; Labor Compensation ; Labor Market Structures |
| URL | https://www.nber.org/papers/w22850 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580524 |
| 推荐引用方式 GB/T 7714 | David Card,Ana Rute Cardoso,Jörg Heining,et al. Firms and Labor Market Inequality: Evidence and Some Theory. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22850.pdf（789KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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