The Price of Security: On the Causality and Impact of Lay-off Risks on Wages
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Burdett, Kenneth & Mortensen, Dale T, 1980.
"Search, Layoffs, and Labor Market Equilibrium,"
Journal of Political Economy, University of Chicago Press, vol. 88(4), pages 652-672, August.
- Ken Burdett & Dale T. Mortensen, 1979. "Search, Layoffs, and Labor Market Equilibrium," Discussion Papers 380, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Li, Elizabeth H, 1986. "Compensating Differentials for Cyclical and Noncyclical Unemployment: The Interaction between Investors' and Employees' Risk Aversion," Journal of Labor Economics, University of Chicago Press, vol. 4(2), pages 277-300, April.
- John M. Abowd & Orley C. Ashenfelter, 1981.
"Anticipated Unemployment, Temporary Layoffs, and Compensating Wage Differentials,"
NBER Chapters, in: Studies in Labor Markets, pages 141-170,
National Bureau of Economic Research, Inc.
- John M. Abowd & Orley Ashenfelter, 1980. "Anticipated Unemployment, Temporary Layoffs and Compensating Wage Differentials," Working Papers 517, Princeton University, Department of Economics, Industrial Relations Section..
- Viscusi, W Kip, 1978. "Wealth Effects and Earnings Premiums for Job Hazards," The Review of Economics and Statistics, MIT Press, vol. 60(3), pages 408-416, August.
- Bernd Fitzenberger & Reinhold Schnabel & Gaby Wunderlich, 2004.
"The gender gap in labor market participation and employment: A cohort analysis for West Germany,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 17(1), pages 83-116, February.
- Fitzenberger, Bernd & Schnabel, Reinhold & Wunderlich, Gaby, 2001. "The gender gap in labor market participation and employment: a cohort analysis for West Germany," ZEW Discussion Papers 01-47, ZEW - Leibniz Centre for European Economic Research.
- Wright, Randall D, 1987. "Search, Layoffs, and Reservation Wages," Journal of Labor Economics, University of Chicago Press, vol. 5(3), pages 354-365, July.
- Borjas, George J. & Sueyoshi, Glenn T., 1994.
"A two-stage estimator for probit models with structural group effects,"
Journal of Econometrics, Elsevier, vol. 64(1-2), pages 165-182.
- George J. Borjas & Glenn T. Sueyoshi, 1993. "A Two-Stage Estimator for Probit Models with Structural Group Effects," NBER Technical Working Papers 0146, National Bureau of Economic Research, Inc.
- Ernesto Villanueva, 2007. "Estimating Compensating Wage Differentials Using Voluntary Job Changes: Evidence from Germany," ILR Review, Cornell University, ILR School, vol. 60(4), pages 544-561, July.
- Burdett, Kenneth & Mortensen, Dale T, 1998. "Wage Differentials, Employer Size, and Unemployment," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 257-273, May.
- Moretti, Enrico, 2000. "Do Wages Compensate for Risk of Unemployment? Parametric and Semiparametric Evidence from Seasonal Jobs," Journal of Risk and Uncertainty, Springer, vol. 20(1), pages 45-66, January.
- Joop Hartog & Erik Plug & Luis Diaz Serrano & Jose Vieira, 2003. "Risk compensation in wages – a replication," Empirical Economics, Springer, vol. 28(3), pages 639-647, July.
- Bas Jacobs & Joop Hartog & Wim Vijverberg, 2009. "Self-selection bias in estimated wage premiums for earnings risk," Empirical Economics, Springer, vol. 37(2), pages 271-286, October.
- Guiso, Luigi & Jappelli, Tullio & Pistaferri, Luigi, 2002. "An Empirical Analysis of Earnings and Employment Risk," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(2), pages 241-253, April.
- Baltagi, Badi H. & Wu, Ping X., 1999. "Unequally Spaced Panel Data Regressions With Ar(1) Disturbances," Econometric Theory, Cambridge University Press, vol. 15(6), pages 814-823, December.
- Moore, Michael J, 1995. "Unions, Employment Risks, and Market Provision of Employment Risk Differentials," Journal of Risk and Uncertainty, Springer, vol. 10(1), pages 57-70, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wolfgang Nagl, 2014. "Better Safe than Sorry? The Effects of Income Risk and Unemployment Risk on Wages," LABOUR, CEIS, vol. 28(3), pages 251-268, September.
- Wolfgang Nagl, 2014. "Lohnrisiko und Altersarmut im Sozialstaat," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 54.
- Pinheiro, Roberto & Visschers, Ludo, 2015.
"Unemployment risk and wage differentials,"
Journal of Economic Theory, Elsevier, vol. 157(C), pages 397-424.
- Pinheiro, Roberto & Visschers, Ludo, 2012. "Unemployment risk and wage differentials," UC3M Working papers. Economics we1209, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Roberto Pinheiro & Ludo Visschers, 2013. "Unemployment Risk and Wage Differentials," Edinburgh School of Economics Discussion Paper Series 228, Edinburgh School of Economics, University of Edinburgh.
- Robert Pinheiro & Ludo Visschers, 2014. "Unemployment Risk and Wage Differentials," Edinburgh School of Economics Discussion Paper Series 250, Edinburgh School of Economics, University of Edinburgh.
- Ludo Visschers & Roberto Pinheiro, 2015. "Unemployment Risk and Wage differentials," 2015 Meeting Papers 936, Society for Economic Dynamics.
- Pinheiro, Roberto & Visschers, Ludo, 2013. "Unemployment Risk and Wage Differentials," SIRE Discussion Papers 2013-76, Scottish Institute for Research in Economics (SIRE).
- Roberto Pinheiro & Ludo Visschers, 2013. "Unemployment Risk and Wage Differentials," CESifo Working Paper Series 4534, CESifo.
- Pinheiro, Roberto & Visschers, Ludo, 2014. "Unemployment Risk and Wage Differentials," SIRE Discussion Papers 2015-44, Scottish Institute for Research in Economics (SIRE).
- Pinheiro, Roberto B. & Visschers, Ludo, 2012. "Unemployment risk and wage differentials," MPRA Paper 36907, University Library of Munich, Germany.
- Stefan Arent & Wolfgang Nagl, 2011. "Risikokompensation hochqualifizierter Arbeitnehmer am deutschen Arbeitsmarkt," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(03), pages 08-11, June.
- Wolfgang Nagl, 2012.
"Better Safe than Sorry? The Effects of Income Risk, Unemployment Risk and the Interaction of these Risks on Wages,"
ifo Working Paper Series
148, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Wolfgang Nagl, 2013. "Better safe than sorry? The effects of income risk, unemployment risk and the interaction of these risks on wages," ERSA conference papers ersa13p237, European Regional Science Association.
- Bonin, Holger & Dohmen, Thomas & Falk, Armin & Huffman, David & Sunde, Uwe, 2007.
"Cross-sectional earnings risk and occupational sorting: The role of risk attitudes,"
Labour Economics, Elsevier, vol. 14(6), pages 926-937, December.
- Bonin, Holger & Dohmen, Thomas & Falk, Armin & Huffman, David B. & Sunde, Uwe, 2006. "Cross-sectional Earnings Risk and Occupational Sorting: The Role of Risk Attitudes," IZA Discussion Papers 1930, Institute of Labor Economics (IZA).
- Bonin, Holger & Dohmen, Thomas J. & Falk, Armin & Huffman, David & Sunde, Uwe, 2007. "Cross-sectional earnings risk and occupational sorting: The role of risk attitudes," Munich Reprints in Economics 20204, University of Munich, Department of Economics.
- Florian S. Peters & Alexander F. Wagner, 2014.
"The Executive Turnover Risk Premium,"
Journal of Finance, American Finance Association, vol. 69(4), pages 1529-1563, August.
- Florian S. PETERS & Alexander F. WAGNER, 2008. "The executive turnover risk premium," Swiss Finance Institute Research Paper Series 08-11, Swiss Finance Institute.
- Florian S. Peters & Alexander F. Wagner, 2012. "The Executive Turnover Risk Premium," Tinbergen Institute Discussion Papers 12-021/2/DSF30, Tinbergen Institute.
- Emilia Del Bono & Andrea Weber, 2008.
"Do Wages Compensate for Anticipated Working Time Restrictions? Evidence from Seasonal Employment in Austria,"
Journal of Labor Economics, University of Chicago Press, vol. 26(1), pages 181-221.
- Del Bono, Emilia & Weber, Andrea, 2006. "Do Wages Compensate for Anticipated Working Time Restrictions? Evidence from Seasonal Employment in Austria," IZA Discussion Papers 2242, Institute of Labor Economics (IZA).
- Del Bono, Emilia & Weber, Andrea, 2006. "Do wages compensate for anticipated working time restrictions? Evidence from seasonal employment in Austria," ISER Working Paper Series 2006-37, Institute for Social and Economic Research.
- Necker, Sarah & Voskort, Andrea, 2014. "Intergenerational transmission of risk attitudes – A revealed preference approach," European Economic Review, Elsevier, vol. 65(C), pages 66-89.
- Assaad, Ragui & Tunali, Insan, 2002.
"Wage formation and recurrent unemployment,"
Labour Economics, Elsevier, vol. 9(1), pages 17-61, February.
- Ragui Assaad & Insan Tunali, 2000. "Wage Formation and Recurrent Unemployment," Econometric Society World Congress 2000 Contributed Papers 1623, Econometric Society.
- Ragui Assaad & Insan Tunali, 2000. "Wage Formation and Recurrent Unemployment," Working Papers 2016, Economic Research Forum, revised 06 Aug 2000.
- Tania Babina & Wenting Ma & Christian Moser & Paige Ouimet & Rebecca Zarutskie, 2019.
"Pay, Employment, and Dynamics of Young Firms,"
Working Papers
19-23, Center for Economic Studies, U.S. Census Bureau.
- Babina, Tania & Ma, Wenting & Moser, Christian & Ouimet, Paige & Zarutskie, Rebecca, 2019. "Pay, Employment, and Dynamics of Young Firms," MPRA Paper 95382, University Library of Munich, Germany.
- Tania Babina & Wenting Ma & Christian Moser & Paige P. Ouimet & Rebecca Zarutskie, 2019. "Pay, Employment, and Dynamics of Young Firms," Opportunity and Inclusive Growth Institute Working Papers 21, Federal Reserve Bank of Minneapolis.
- Schmieder, Johannes F., 2023. "Establishment age and wages," Journal of Econometrics, Elsevier, vol. 233(2), pages 424-442.
- Timothy E. Dore & Rebecca Zarutskie, 2017.
"Firm Leverage, Labor Market Size, and Employee Pay,"
Finance and Economics Discussion Series
2017-078, Board of Governors of the Federal Reserve System (U.S.).
- Timothy E. Dore & Rebecca Zarutskie, 2018. "Firm Leverage, Labor Market Size, and Employee Pay," Working Papers 18-36, Center for Economic Studies, U.S. Census Bureau.
- Hartog, Joop & Vijverberg, Wim P.M., 2007. "On compensation for risk aversion and skewness affection in wages," Labour Economics, Elsevier, vol. 14(6), pages 938-956, December.
- Rosen, Sherwin, 1985.
"Implicit Contracts: A Survey,"
Journal of Economic Literature, American Economic Association, vol. 23(3), pages 1144-1175, September.
- Sherwin Rosen, 1985. "Implicit Contracts: A Survey," NBER Working Papers 1635, National Bureau of Economic Research, Inc.
- Nikolaos Georgantzis & Efi Vasileiou, 2014.
"Are Dangerous Jobs Paid Better? European Evidence,"
Research in Labor Economics, in: New Analyses of Worker Well-Being, volume 38, pages 163-192,
Emerald Group Publishing Limited.
- Nikolaos Georgantzis & Efi Vasileiou, 2012. "Are dangerous jobs paid better? European evidence," Working Papers 2012/18, Economics Department, Universitat Jaume I, Castellón (Spain).
- Christopher Taber & Rune Vejlin, 2020.
"Estimation of a Roy/Search/Compensating Differential Model of the Labor Market,"
Econometrica, Econometric Society, vol. 88(3), pages 1031-1069, May.
- Christopher Taber & Rune Vejlin, 2012. "Estimation of a Roy/Search/Compensating Differential Model of the Labor Market," 2012 Meeting Papers 566, Society for Economic Dynamics.
- Christopher Taber & Rune Vejlin, 2016. "Estimation of a Roy/Search/Compensating Differential Model of the Labor Market," NBER Working Papers 22439, National Bureau of Economic Research, Inc.
- Taber, Christopher & Vejlin, Rune Majlund, 2016. "Estimation of a Roy/Search/Compensating Differential Model of the Labor Market," IZA Discussion Papers 9975, Institute of Labor Economics (IZA).
- Dizioli, Allan & Pinheiro, Roberto, 2016.
"Health insurance as a productive factor,"
Labour Economics, Elsevier, vol. 40(C), pages 1-24.
- Dizioli, Allan & Pinheiro, Roberto B., 2012. "Health insurance as a productive factor," MPRA Paper 39743, University Library of Munich, Germany.
- repec:lan:wpaper:3016 is not listed on IDEAS
- Adriana Barone & Annamaria Nese, 2003. "On the Job Health Risks: Workers' Beliefs and Individual Work Experiences," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 62(1), pages 125-144, April.
- Matteo Richiardi, 2004.
"A Search Model Of Unemployment And Firm Dynamics,"
Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 203-221.
- Matteo Richiardi, 2004. "A Search Model Of Unemployment And Firm Dynamics," World Scientific Book Chapters, in: Roberto Leombruni & Matteo Richiardi (ed.), Industry And Labor Dynamics The Agent-Based Computational Economics Approach, chapter 7, pages 107-128, World Scientific Publishing Co. Pte. Ltd..
- Matteo Richiardi, 2003. "A Search Model of Unemployment and Firm Dynamics," LABORatorio R. Revelli Working Papers Series 30, LABORatorio R. Revelli, Centre for Employment Studies.
More about this item
JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifowps:_100. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.