Researchers have extensively explored the impact of wages on individuals’ decisions to engage in property crimes. While most of these studies in the past have relied on macro-level data to investigate the relationshi...Researchers have extensively explored the impact of wages on individuals’ decisions to engage in property crimes. While most of these studies in the past have relied on macro-level data to investigate the relationship between crime rates and hourly wages, this paper takes a novel approach by utilizing micro-level data to examine the influence of hourly wages on the likelihood of stealing an item valued at least $50. The results obtained from the estimations reveal that an increase in hourly wage leads to a decrease in the probability of theft, all other factors being held constant. Further estimation by gender revealed that hourly wages given to both male and female have no bearing on the decision to steal. Additionally, the analysis of the differences in theft probabilities across gender and race demonstrates that males consistently exhibit a higher likelihood of engaging in theft when compared to females across various racial groups.展开更多
The stringency of environmental policy is likely to change the gains of economic agents. Using a general equilibrium model and an assumption that capital-intensive industries tend to be intensive emitters of greenhous...The stringency of environmental policy is likely to change the gains of economic agents. Using a general equilibrium model and an assumption that capital-intensive industries tend to be intensive emitters of greenhouse gases (GHG), we find that a stricter GHG emission scheme will reduce the rent for capital owners but increase the wage for workers. This effect could motivate capital owners or workers to oppose or support a stricter GHG policy. The paper also empirically assesses the model’s key assumption by using production input (capital stock and labor), output, and GHG emission data from U.S industrial sectors. The regression result supports a strong positive relationship between the capital-labor ratio and the pollution-output ratio. Therefore, the theoretical analysis is relevant to the actual economy.展开更多
This paper deals with the development of the wage distribution in the Czech Republic since 2003, according to gender. It is a development of descriptive characteristics of location, differentiation and shape of wage d...This paper deals with the development of the wage distribution in the Czech Republic since 2003, according to gender. It is a development of descriptive characteristics of location, differentiation and shape of wage distribution, but also the development of concentration characteristic of wage distribution. Gross monthly wage of Czech employees represents the variable under research. Emphasis is placed on changes in the development of wage distribution since 2009 in connection with the onset of economic recession. The economic crisis has greatly influenced the development of the wage distribution in the Czech Republic, wage growth virtually stopped at this time. Differences in the development of wage distribution between men and women in the Czech Republic are also under this research. Development of wage distribution has been studied by modelling the distribution. Three-parametric lognormal curves are served as a theoretical probability distribution whose parameters were estimated using the L-moment method of point estimate of parameters. Dependence of gross monthly wage on gender has been the subject of research as well. This dependence was researched using one-way analysis of variance. Forecast of wage distribution of men and women in the Czech Republic for the years 2012 and 2013 is included in this research.展开更多
We explore characteristics of the UK labour market with special emphasis on explanation of the existing wage inequalities, determinants of participation, and variation in the magnitude of hours of labour supplied am...We explore characteristics of the UK labour market with special emphasis on explanation of the existing wage inequalities, determinants of participation, and variation in the magnitude of hours of labour supplied among individuals. We explain up to 92 percent of variance in the wage rates from the supply side. Accuracy of the model is accounted by a variety of factors relevant to the labour market such as gender gaps, marital status, on and off the job training, fluency in English, and regional characteristics. The study is quite distinct, since it not only incorporates variables pertinent from the economic point of view, but also some quantified qualitative regressors relating to individuals’ opinions and political preferences. Interestingly, we find that the psychological profile of an individual has a very big influence over his decision on whether to participate, but once he joined the labour force his personal beliefs and opinions have no further impact on the probability of finding a job. The chance of being employed once participating depends mainly on the local labour market conditions. We also report unbiased and reliable estimate of labour supply elasticity based on British Household Panel Survey (BHPS) sample.展开更多
In 1997, the Ohio Senate passed Senate Bill 102 which established the Ohio School Facilities Commission as a separate agency to oversee the rebuilding projects of the public schools in Ohio. The bill also exempted the...In 1997, the Ohio Senate passed Senate Bill 102 which established the Ohio School Facilities Commission as a separate agency to oversee the rebuilding projects of the public schools in Ohio. The bill also exempted the construction contractors from paying prevailing wages on these projects on the hypothesis that this exemption would lower the construction cost. The purpose of this study is to investigate this hypothesis through the statistical analysis of 8,093 bids received from the years 2000 through 2007 for the schools' construction. Union contractors who paid their workers union wages and non-union contractors who did not pay prevailing wages bid these projects. The hypothesis, that prevailing wage laws increased the construction cost, was tested by comparing the bids/SF (square foot) from both groups (union and nonunion) for the different construction trades. The study indicated that there was statistical significant difference between the bids/square foot for union contractors and the bids/square foot for non-union contractors for only the following trades: earthwork, existing conditions, plumbing, electrical and HVAC (heating, ventilation and air conditioning). The averages of bids/SF from the union contractors were higher than those from the non-union contractors for earthwork, existing conditions and plumbing works, and the opposite for electrical and HVAC works. There was no statistical significant difference in the bids from the communications, concrete, conveying equipment, electronic safety and security, equipment, finishes, fire suppression, furnishings, masonry, openings, structural steel, thermal and moisture protection, plastics and composites and wood works.展开更多
On the basis of research conducted by Long and Plosser(1983),this paper carries out an in-depth analysis on the relationship between real interest rates,real wage,and macro-economy and economic structure by simulating...On the basis of research conducted by Long and Plosser(1983),this paper carries out an in-depth analysis on the relationship between real interest rates,real wage,and macro-economy and economic structure by simulating a dynamic stochastic general equilibrium(DSGE) model and comes to the following conclusions:(1) Increasing the level of real interest rates will expand the share of consumption in GDP,improve the macroeconomic structure,and promote steady economic development;(2) Increasing the level of real wages will enhance economic growth but will not change the economic structure of consumption and investments;(3) Increasing wages will enhance economic growth and expand its share in national income;(4) Increasing wages will not lower output level but will be favorable to the improvement of economic structure.Therefore,this paper argues for interest rates liberalization to achieve long-term,steady economic development in China.展开更多
Taking advantage of company survey data,this paper examines the responsiveness of enterprises in manufacturing sectors to the recent labor market changes characterized by surging wages and shrinking unskilled workers....Taking advantage of company survey data,this paper examines the responsiveness of enterprises in manufacturing sectors to the recent labor market changes characterized by surging wages and shrinking unskilled workers.The result shows that the labor demand elasticity with regard to output is substantial.In other words,growing manufacturing will keep creating jobs and intensify labor scarcity in China.The wage elasticity is-0.40 for unskilled workers and-0.53 for skilled workers,which indicates that Chinese companies are quite responsive to the recent labor market changes.There exists a kind of substitution effect between skilled and unskilled workers,however,the magnitude of elasticity remains small.To promote economic upgrading in China's labor market,institutional and industrial policies should encourage companies to be responsive to the warning signals from the market of production factor.展开更多
On the basis of extending Lee's(1999) model, this paper resolves the problem of biased division in the specification of equation and employs Urban Household Survey(UHS) data,China Household Income Project(CHIP) da...On the basis of extending Lee's(1999) model, this paper resolves the problem of biased division in the specification of equation and employs Urban Household Survey(UHS) data,China Household Income Project(CHIP) data and county-level minimum wage data collected by authors to investigate the wage distribution effects of change in the effective minimum wages measured by relative value. The result shows that the effective minimum wage will exert a significant spillover effect on wage distribution at the40 th percentile and below, which is favorable to reducing wage gaps at the bottom. This conclusion holds true under various robustness tests. However, the shrinking effective minimum wage has created a downward drag on wages, thus widening wage gaps at the bottom. The shrinking effective minimum wage contributed 150%,53.8%,45.5% and16.7% to the wage gaps at the 10 th, 20 th, 30 th and 40 th percentiles compared with the 50 th percentile. Therefore, the key to ensuring the effectiveness of minimum wages lies in the implementation of an automatic adjustment mechanism correlated with macroeconomic indicators. Compliance with minimum wages must be guaranteed and change in minimum wages must be measured with relative value.展开更多
This paper deals with the development of sample characteristics of wage distribution in recent years in the Czech Republic by the highest educational attainment. Gross monthly wage is the variable investigated. We dis...This paper deals with the development of sample characteristics of wage distribution in recent years in the Czech Republic by the highest educational attainment. Gross monthly wage is the variable investigated. We distinguish the following scale of the highest educational attainment: primary and incomplete education, secondary education without GCSE, secondary education with GCSE, higher vocational and bachelor education and tertiary education. Forecasts of wage distribution have been developed for the next two years for all of these categories. Three-parametric lognormal curve formed the basis of the theoretical probability distribution. Parameter values of relevant three-parametric lognormal curves were then estimated using the method of L-moments of parameter estimation. Forecasts of sample values of L-moments were calculated using trend analysis of their past development and the parameters of three-parametric Iognormal curves for forecasts of wage distribution were calculated using the predicted values of the first three sample L-moments. We have obtained the forecasts of wage distribution by the highest educational attainment on the basis of these probability density functions.展开更多
文摘Researchers have extensively explored the impact of wages on individuals’ decisions to engage in property crimes. While most of these studies in the past have relied on macro-level data to investigate the relationship between crime rates and hourly wages, this paper takes a novel approach by utilizing micro-level data to examine the influence of hourly wages on the likelihood of stealing an item valued at least $50. The results obtained from the estimations reveal that an increase in hourly wage leads to a decrease in the probability of theft, all other factors being held constant. Further estimation by gender revealed that hourly wages given to both male and female have no bearing on the decision to steal. Additionally, the analysis of the differences in theft probabilities across gender and race demonstrates that males consistently exhibit a higher likelihood of engaging in theft when compared to females across various racial groups.
文摘The stringency of environmental policy is likely to change the gains of economic agents. Using a general equilibrium model and an assumption that capital-intensive industries tend to be intensive emitters of greenhouse gases (GHG), we find that a stricter GHG emission scheme will reduce the rent for capital owners but increase the wage for workers. This effect could motivate capital owners or workers to oppose or support a stricter GHG policy. The paper also empirically assesses the model’s key assumption by using production input (capital stock and labor), output, and GHG emission data from U.S industrial sectors. The regression result supports a strong positive relationship between the capital-labor ratio and the pollution-output ratio. Therefore, the theoretical analysis is relevant to the actual economy.
文摘This paper deals with the development of the wage distribution in the Czech Republic since 2003, according to gender. It is a development of descriptive characteristics of location, differentiation and shape of wage distribution, but also the development of concentration characteristic of wage distribution. Gross monthly wage of Czech employees represents the variable under research. Emphasis is placed on changes in the development of wage distribution since 2009 in connection with the onset of economic recession. The economic crisis has greatly influenced the development of the wage distribution in the Czech Republic, wage growth virtually stopped at this time. Differences in the development of wage distribution between men and women in the Czech Republic are also under this research. Development of wage distribution has been studied by modelling the distribution. Three-parametric lognormal curves are served as a theoretical probability distribution whose parameters were estimated using the L-moment method of point estimate of parameters. Dependence of gross monthly wage on gender has been the subject of research as well. This dependence was researched using one-way analysis of variance. Forecast of wage distribution of men and women in the Czech Republic for the years 2012 and 2013 is included in this research.
文摘We explore characteristics of the UK labour market with special emphasis on explanation of the existing wage inequalities, determinants of participation, and variation in the magnitude of hours of labour supplied among individuals. We explain up to 92 percent of variance in the wage rates from the supply side. Accuracy of the model is accounted by a variety of factors relevant to the labour market such as gender gaps, marital status, on and off the job training, fluency in English, and regional characteristics. The study is quite distinct, since it not only incorporates variables pertinent from the economic point of view, but also some quantified qualitative regressors relating to individuals’ opinions and political preferences. Interestingly, we find that the psychological profile of an individual has a very big influence over his decision on whether to participate, but once he joined the labour force his personal beliefs and opinions have no further impact on the probability of finding a job. The chance of being employed once participating depends mainly on the local labour market conditions. We also report unbiased and reliable estimate of labour supply elasticity based on British Household Panel Survey (BHPS) sample.
文摘In 1997, the Ohio Senate passed Senate Bill 102 which established the Ohio School Facilities Commission as a separate agency to oversee the rebuilding projects of the public schools in Ohio. The bill also exempted the construction contractors from paying prevailing wages on these projects on the hypothesis that this exemption would lower the construction cost. The purpose of this study is to investigate this hypothesis through the statistical analysis of 8,093 bids received from the years 2000 through 2007 for the schools' construction. Union contractors who paid their workers union wages and non-union contractors who did not pay prevailing wages bid these projects. The hypothesis, that prevailing wage laws increased the construction cost, was tested by comparing the bids/SF (square foot) from both groups (union and nonunion) for the different construction trades. The study indicated that there was statistical significant difference between the bids/square foot for union contractors and the bids/square foot for non-union contractors for only the following trades: earthwork, existing conditions, plumbing, electrical and HVAC (heating, ventilation and air conditioning). The averages of bids/SF from the union contractors were higher than those from the non-union contractors for earthwork, existing conditions and plumbing works, and the opposite for electrical and HVAC works. There was no statistical significant difference in the bids from the communications, concrete, conveying equipment, electronic safety and security, equipment, finishes, fire suppression, furnishings, masonry, openings, structural steel, thermal and moisture protection, plastics and composites and wood works.
文摘On the basis of research conducted by Long and Plosser(1983),this paper carries out an in-depth analysis on the relationship between real interest rates,real wage,and macro-economy and economic structure by simulating a dynamic stochastic general equilibrium(DSGE) model and comes to the following conclusions:(1) Increasing the level of real interest rates will expand the share of consumption in GDP,improve the macroeconomic structure,and promote steady economic development;(2) Increasing the level of real wages will enhance economic growth but will not change the economic structure of consumption and investments;(3) Increasing wages will enhance economic growth and expand its share in national income;(4) Increasing wages will not lower output level but will be favorable to the improvement of economic structure.Therefore,this paper argues for interest rates liberalization to achieve long-term,steady economic development in China.
基金supported by National Science Foundation of China grant 71173234the Asian Development Bankthe Chinese Academy of Social Sciences
文摘Taking advantage of company survey data,this paper examines the responsiveness of enterprises in manufacturing sectors to the recent labor market changes characterized by surging wages and shrinking unskilled workers.The result shows that the labor demand elasticity with regard to output is substantial.In other words,growing manufacturing will keep creating jobs and intensify labor scarcity in China.The wage elasticity is-0.40 for unskilled workers and-0.53 for skilled workers,which indicates that Chinese companies are quite responsive to the recent labor market changes.There exists a kind of substitution effect between skilled and unskilled workers,however,the magnitude of elasticity remains small.To promote economic upgrading in China's labor market,institutional and industrial policies should encourage companies to be responsive to the warning signals from the market of production factor.
基金a result of the Youth Program of the National Natural Science Foundation of China(Grant No.:7140328971403307)
文摘On the basis of extending Lee's(1999) model, this paper resolves the problem of biased division in the specification of equation and employs Urban Household Survey(UHS) data,China Household Income Project(CHIP) data and county-level minimum wage data collected by authors to investigate the wage distribution effects of change in the effective minimum wages measured by relative value. The result shows that the effective minimum wage will exert a significant spillover effect on wage distribution at the40 th percentile and below, which is favorable to reducing wage gaps at the bottom. This conclusion holds true under various robustness tests. However, the shrinking effective minimum wage has created a downward drag on wages, thus widening wage gaps at the bottom. The shrinking effective minimum wage contributed 150%,53.8%,45.5% and16.7% to the wage gaps at the 10 th, 20 th, 30 th and 40 th percentiles compared with the 50 th percentile. Therefore, the key to ensuring the effectiveness of minimum wages lies in the implementation of an automatic adjustment mechanism correlated with macroeconomic indicators. Compliance with minimum wages must be guaranteed and change in minimum wages must be measured with relative value.
文摘This paper deals with the development of sample characteristics of wage distribution in recent years in the Czech Republic by the highest educational attainment. Gross monthly wage is the variable investigated. We distinguish the following scale of the highest educational attainment: primary and incomplete education, secondary education without GCSE, secondary education with GCSE, higher vocational and bachelor education and tertiary education. Forecasts of wage distribution have been developed for the next two years for all of these categories. Three-parametric lognormal curve formed the basis of the theoretical probability distribution. Parameter values of relevant three-parametric lognormal curves were then estimated using the method of L-moments of parameter estimation. Forecasts of sample values of L-moments were calculated using trend analysis of their past development and the parameters of three-parametric Iognormal curves for forecasts of wage distribution were calculated using the predicted values of the first three sample L-moments. We have obtained the forecasts of wage distribution by the highest educational attainment on the basis of these probability density functions.