메뉴 건너뛰기




Volumn 115, Issue 506, 2005, Pages 833-859

Fair pay and a wage-bill argument for low real wage cyclicality and excessive employment variability

Author keywords

[No Author keywords available]

Indexed keywords

CYCLICITY; EMPLOYMENT; LABOR MARKET; WAGE;

EID: 28244451898     PISSN: 00130133     EISSN: 14680297     Source Type: Journal    
DOI: 10.1111/j.1468-0297.2005.01021.x     Document Type: Review
Times cited : (6)

References (51)
  • 1
    • 0033444176 scopus 로고    scopus 로고
    • The entry and exit of workers and the growth of employment
    • Abowd, J., Corbel, P. and Kramarz, F. (1999). 'The entry and exit of workers and the growth of employment', Review of Economics and Statistics, vol. 81, pp. 170-87.
    • (1999) Review of Economics and Statistics , vol.81 , pp. 170-187
    • Abowd, J.1    Corbel, P.2    Kramarz, F.3
  • 4
    • 84925928080 scopus 로고
    • The implicit contract theory of unemployment meets the wage bill argument
    • Akerlof, G. A. and Miyazaki, H. (1980). 'The implicit contract theory of unemployment meets the wage bill argument', Review of Economic Studies, vol. 47, pp. 321-38.
    • (1980) Review of Economic Studies , vol.47 , pp. 321-338
    • Akerlof, G.A.1    Miyazaki, H.2
  • 6
    • 4043101010 scopus 로고    scopus 로고
    • The extent and consequences of downward nominal wage rigidity
    • Altonji, J. G. and Devereux, P. J. (2000). 'The extent and consequences of downward nominal wage rigidity', Research in Labor Economics, vol. 19, pp. 383-431.
    • (2000) Research in Labor Economics , vol.19 , pp. 383-431
    • Altonji, J.G.1    Devereux, P.J.2
  • 7
    • 0007129053 scopus 로고    scopus 로고
    • Brazil: Regulation and flexibility in the labor market
    • (S. Edwards and N. C. Lustig, eds.), Washington DC: Brookings Institution
    • Amadco, E. J. and Camargo, J. M. (1997). 'Brazil: regulation and flexibility in the labor market', in (S. Edwards and N. C. Lustig, eds.), Labor Markets in Latin America: Combining Social Protection with Market Flexibility, pp. 210-34, Washington DC: Brookings Institution.
    • (1997) Labor Markets in Latin America: Combining Social Protection with Market Flexibility , pp. 210-234
    • Amadco, E.J.1    Camargo, J.M.2
  • 8
    • 84960613149 scopus 로고
    • The internal economics of the firm: Evidence from personnel data
    • Baker, G., Gibbs, M. and Holmstrom, B. (1994a). 'The internal economics of the firm: evidence from personnel data', Quarterly Journal of Economics, vol. 109, pp. 881-919.
    • (1994) Quarterly Journal of Economics , vol.109 , pp. 881-919
    • Baker, G.1    Gibbs, M.2    Holmstrom, B.3
  • 10
    • 0000142298 scopus 로고    scopus 로고
    • Institutions and labor reallocation
    • Bertola, G. and Rogerson, R. (1997). 'Institutions and labor reallocation', European Economic Review, vol. 41, pp. 1147-71.
    • (1997) European Economic Review , vol.41 , pp. 1147-1171
    • Bertola, G.1    Rogerson, R.2
  • 11
  • 12
    • 0000776805 scopus 로고
    • Real wages over the business cycle: Evidence from panel data
    • Bils, M. J. (1985). 'Real wages over the business cycle: evidence from panel data', Journal of Political Economy, vol. 93(4), pp. 666-89.
    • (1985) Journal of Political Economy , vol.93 , Issue.4 , pp. 666-689
    • Bils, M.J.1
  • 14
    • 84963094429 scopus 로고
    • A shred of evidence on theories of wage stickiness
    • Blinder, A. S. and Choi, D. H. (1990), 'A shred of evidence on theories of wage stickiness', Quarterly Journal of Economics, vol. 55, pp. 1004-15.
    • (1990) Quarterly Journal of Economics , vol.55 , pp. 1004-1015
    • Blinder, A.S.1    Choi, D.H.2
  • 16
    • 28244484108 scopus 로고    scopus 로고
    • Cohort, year, and age effects in Canadian wage data
    • (F. T. Denton, D. Fretz and B. G. Spencer et al., eds.), Vancouver: UBC Press
    • Burbidge, J. B., Magee, L. and Robb, A. L. (2000). 'Cohort, year, and age effects in Canadian wage data', in (F. T. Denton, D. Fretz and B. G. Spencer et al., eds.), Independence and Economic Security in Old Age, pp. 183-214, Vancouver: UBC Press.
    • (2000) Independence and Economic Security in Old Age , pp. 183-214
    • Burbidge, J.B.1    Magee, L.2    Robb, A.L.3
  • 17
    • 0031404408 scopus 로고    scopus 로고
    • The reasons for wage rigidity: Evidence from a survey of firms
    • Campbell, C. M. and Kamlani, K. S. (1997). 'The reasons for wage rigidity: evidence from a survey of firms', Quarterly Journal of Economics, vol. 112, pp. 759-89.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 759-789
    • Campbell, C.M.1    Kamlani, K.S.2
  • 18
    • 0020716173 scopus 로고
    • Firm-specific human-capital and promotion ladders
    • Carmichael, L. (1983). 'Firm-specific human-capital and promotion ladders', Bell Journal of Economics, vol. 14, pp. 251-8.
    • (1983) Bell Journal of Economics , vol.14 , pp. 251-258
    • Carmichael, L.1
  • 19
    • 84936444163 scopus 로고
    • On union preferences and labor-market models - Insiders and outsiders
    • Carruth, A. A. and Oswald, A. J. (1987). 'On union preferences and labor-market models - insiders and outsiders', ECONOMIC JOURNAL, vol. 97, pp. 431-45.
    • (1987) Economic Journal , vol.97 , pp. 431-445
    • Carruth, A.A.1    Oswald, A.J.2
  • 20
    • 0001030234 scopus 로고
    • Involuntary unemployment and implicit contracts
    • Chari, V. V. (1983). 'Involuntary unemployment and implicit contracts', Quarterly Journal of Economics, vol. 98 (Supplement), pp. 107-22.
    • (1983) Quarterly Journal of Economics , vol.98 , Issue.SUPPL. , pp. 107-122
    • Chari, V.V.1
  • 22
    • 0041077622 scopus 로고    scopus 로고
    • The cyclicality of real wages within employer-employee matches
    • Devereux, P. J. (2001). 'The cyclicality of real wages within employer-employee matches', Industrial Labor Relations Review, vol. 54, pp. 835-50.
    • (2001) Industrial Labor Relations Review , vol.54 , pp. 835-850
    • Devereux, P.J.1
  • 24
    • 0000058232 scopus 로고    scopus 로고
    • Reciprocity as a contract enforcement device
    • Fehr, E., Gächter, S. and Kirchstciger, G. (1997). 'Reciprocity as a contract enforcement device', Econometrica, vol. 65, pp. 833-60.
    • (1997) Econometrica , vol.65 , pp. 833-860
    • Fehr, E.1    Gächter, S.2    Kirchstciger, G.3
  • 27
    • 84933495161 scopus 로고
    • Insiders, outsiders, and nominal wage contracts
    • Gottfries, N. (1992). 'Insiders, outsiders, and nominal wage contracts', Journal of Political Economy, vol. 100, pp. 252-70.
    • (1992) Journal of Political Economy , vol.100 , pp. 252-270
    • Gottfries, N.1
  • 28
    • 0039594829 scopus 로고    scopus 로고
    • Insider bargaining power, starting wages, and involuntary unemployment
    • Gottfries, N. and Sjostrom, T. (2000). 'Insider bargaining power, starting wages, and involuntary unemployment', Scandinavian Journal of Economics, vol. 102(4), pp. 669-88.
    • (2000) Scandinavian Journal of Economics , vol.102 , Issue.4 , pp. 669-688
    • Gottfries, N.1    Sjostrom, T.2
  • 29
    • 0001056116 scopus 로고
    • Wage employment contracts
    • Green, J. and Kahn, G. M. (1983). 'Wage employment contracts', Quarterly Journal of Economics, vol. 98(Supplement), pp. 173-87.
    • (1983) Quarterly Journal of Economics , vol.98 , Issue.SUPPL. , pp. 173-187
    • Green, J.1    Kahn, G.M.2
  • 30
    • 84911608565 scopus 로고
    • Implicit contracts, moral hazard, and unemployment
    • Grossman, S. J. and Hart, O. D. (1981). 'Implicit contracts, moral hazard, and unemployment', American Economic Review, vol. 71, pp. 301-7.
    • (1981) American Economic Review , vol.71 , pp. 301-307
    • Grossman, S.J.1    Hart, O.D.2
  • 31
    • 0040450234 scopus 로고
    • Cyclical fluctuations in the labor market
    • (O. Ashenfelter and R. Layard, eds.), New York: Elsevier
    • Hall, R. E. and Lilien, D. M. (1986). 'Cyclical fluctuations in the labor market', in (O. Ashenfelter and R. Layard, eds.), Handbook of Labor Economics vol. II, pp. 1001-35, New York: Elsevier.
    • (1986) Handbook of Labor Economics , vol.2 , pp. 1001-1035
    • Hall, R.E.1    Lilien, D.M.2
  • 32
    • 23944449461 scopus 로고    scopus 로고
    • Worker-job matches, job mobility, and real wage cyclicality
    • October
    • Hart, R. A. (2003). 'Worker-job matches, job mobility, and real wage cyclicality', IZA Discussion Paper No. 881, October.
    • (2003) IZA Discussion Paper No. 881 , vol.881
    • Hart, R.A.1
  • 33
    • 84936003204 scopus 로고
    • Heterogeneity, aggregation, and market wage functions: An empirical model of self-selection
    • Heckman, J. and Sedlacek, G. (1985). 'Heterogeneity, aggregation, and market wage functions: an empirical model of self-selection', Journal of Political Economy, vol. 93, pp. 1077-125.
    • (1985) Journal of Political Economy , vol.93 , pp. 1077-1125
    • Heckman, J.1    Sedlacek, G.2
  • 34
    • 84982454535 scopus 로고
    • On wage stickiness in Britain's competitive sector
    • Kaufman, R. (1984). 'On wage stickiness in Britain's competitive sector', British Journal of Industrial Relations, vol. 22, pp. 101-12.
    • (1984) British Journal of Industrial Relations , vol.22 , pp. 101-112
    • Kaufman, R.1
  • 35
    • 0346355261 scopus 로고    scopus 로고
    • Rigid wages: What have we learnt from microeconometric studies?
    • (J. Drèze ed.), Oxford: Oxford University Press
    • Kramarz, F. (2001). 'Rigid wages: what have we learnt from microeconometric studies?', in (J. Drèze ed.), Advances in Macroeconomic Theory, pp. 194-216, Oxford: Oxford University Press.
    • (2001) Advances in Macroeconomic Theory , pp. 194-216
    • Kramarz, F.1
  • 36
    • 84936198815 scopus 로고
    • Pay equality and industrial-politics
    • Lazear, E. P. (1989). 'Pay equality and industrial-politics', Journal of Political Economy, vol. 97, pp. 561-80.
    • (1989) Journal of Political Economy , vol.97 , pp. 561-580
    • Lazear, E.P.1
  • 37
    • 0011618797 scopus 로고
    • Labor-economics and the psychology of organizations
    • Lazear, E. P. (1991). 'Labor-economics and the psychology of organizations', Journal of Economic Perspectives, vol. 5, pp. 89-110.
    • (1991) Journal of Economic Perspectives , vol.5 , pp. 89-110
    • Lazear, E.P.1
  • 38
    • 0001113717 scopus 로고
    • Implicit contracts, incentive compatibility, and involuntary unemployment
    • MacLeod, W. B. and Malcomson, J. M. (1989), 'Implicit contracts, incentive compatibility, and involuntary unemployment', Econometrica, vol. 57, pp. 447-80.
    • (1989) Econometrica , vol.57 , pp. 447-480
    • MacLeod, W.B.1    Malcomson, J.M.2
  • 39
    • 0000438358 scopus 로고    scopus 로고
    • Contracts, hold-up, and labor markets
    • Malcomson, J. M. (1997). 'Contracts, hold-up, and labor markets', Journal of Economic Literature, vol. 35, pp. 1916-57.
    • (1997) Journal of Economic Literature , vol.35 , pp. 1916-1957
    • Malcomson, J.M.1
  • 41
    • 28244475440 scopus 로고
    • mimeo, Birkbeck College, University of London
    • Moore, J. (1983). 'Stable sets and steady wages', mimeo, Birkbeck College, University of London.
    • (1983) Stable Sets and Steady Wages
    • Moore, J.1
  • 42
    • 0002347260 scopus 로고
    • Unemployment-insurance and labor contracts under asymmetric information - Theory and facts
    • Oswald, A. J. (1986). 'Unemployment-insurance and labor contracts under asymmetric information - theory and facts', American Economic Review, vol. 76, pp. 365-77.
    • (1986) American Economic Review , vol.76 , pp. 365-377
    • Oswald, A.J.1
  • 44
    • 0001690184 scopus 로고
    • Unemployment and vacancies in Britain
    • Pissarides, C. (1986). 'Unemployment and vacancies in Britain', Economic Policy, vol. 1, pp. 499-599.
    • (1986) Economic Policy , vol.1 , pp. 499-599
    • Pissarides, C.1
  • 45
    • 28244469320 scopus 로고
    • The 2-tier wage system is found to be 2-edged sword by industry
    • Salpukas, A. (1987). 'The 2-tier wage system is found to be 2-edged sword by industry', The New York Times, vol. 137, pp. 1 and D22.
    • (1987) The New York Times , vol.137 , pp. 1
    • Salpukas, A.1
  • 46
    • 21844520917 scopus 로고
    • Cyclicality of real wages among young men
    • Shin, D. (1994). 'Cyclicality of real wages among young men', Economics Letters, vol. 46, pp. 137-42.
    • (1994) Economics Letters , vol.46 , pp. 137-142
    • Shin, D.1
  • 48
    • 33847514463 scopus 로고
    • Measuring the cyclicality of real wages: How important is composition bias?
    • Solon, G., Barsky, R. and Parker, J. A. (1994). 'Measuring the cyclicality of real wages: how important is composition bias?', Quarterly Journal of Economics, vol. 109, pp. 1-26.
    • (1994) Quarterly Journal of Economics , vol.109 , pp. 1-26
    • Solon, G.1    Barsky, R.2    Parker, J.A.3
  • 49
    • 0001449103 scopus 로고
    • Theories of wage rigidity
    • (J. L. Butkiewicz et al., eds.), New York: Praeger
    • Stiglitz, J. E. (1986). 'Theories of wage rigidity', in (J. L. Butkiewicz et al., eds.), Keynes' Economic Legacy: Contemporary Economic Theories, pp. 153-206, New York: Praeger.
    • (1986) Keynes' Economic Legacy: Contemporary Economic Theories , pp. 153-206
    • Stiglitz, J.E.1
  • 50
    • 0035585410 scopus 로고    scopus 로고
    • Long-term wage fluctuations with industry-specific skills
    • Weinberg, B. A. (2001). 'Long-term wage fluctuations with industry-specific skills', Journal of Labor Economics, vol. 19, pp. 231-64.
    • (2001) Journal of Labor Economics , vol.19 , pp. 231-264
    • Weinberg, B.A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.