This paper shows that, if observed earnings are the result of employer-employee wage bargaining, under a set of specific assumptions, the standard static Mincer equation can be thought as a particular case of a dynamic wage equation. Particularly, we argue that the standard static Mincer equation is implicitly based on the hypothesis that the employee has full bargaining power, and provide (further) empirical evidence against this hypothesis.
Wage bargaining and the (dynamic) Mincer equation / Andini, C. - In: ECONOMICS BULLETIN. - ISSN 1545-2921. - 29:(2009), pp. 1842-1849.
Wage bargaining and the (dynamic) Mincer equation
ANDINI, C
2009
Abstract
This paper shows that, if observed earnings are the result of employer-employee wage bargaining, under a set of specific assumptions, the standard static Mincer equation can be thought as a particular case of a dynamic wage equation. Particularly, we argue that the standard static Mincer equation is implicitly based on the hypothesis that the employee has full bargaining power, and provide (further) empirical evidence against this hypothesis.File allegati a questo prodotto
| File | Dimensione | Formato | |
|---|---|---|---|
|
Andini_wage-bargaining_2009.pdf
accesso aperto
Tipologia:
Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza:
Tutti i diritti riservati (All rights reserved)
Dimensione
244.56 kB
Formato
Adobe PDF
|
244.56 kB | Adobe PDF |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
