MARC Record from Scriblio

LEADER: 02656cam 22003137a 4500
001 2005618877
003 DLC
005 20050909160224.0
007 cr |||||||||||
008 050909s2005 gw sb 000 0 eng
010 $a 2005618877
040 $aDLC$cDLC
050 00 $aHD5701
100 1 $aPolachek, S. W.
245 14 $aThe effects of incomplete employee wage information$h[electronic resource] :$ba cross-country analysis /$cby Solomon Polachek, Jun (Jeff) Xiang.
260 $aBonn, Germany :$bIZA,$c[2005]
490 1 $aDiscussion paper ;$vno. 1735
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 9/9/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to eleven countries over various years, and find that incomplete information leads workers to receive on average about 30-35% less pay than they otherwise would have earned, had they information on what each firm paid. Generally married men and women suffer less from incomplete information than the widowed or divorced; and singles suffer the most. Women suffer more from incomplete information than men. Schooling and labor market experience reduce these losses, but institutions within a country can reduce them, as well. For example, we find that workers in countries that strongly support unemployment insurance (UI) receive wages closer to their potential, so that doubling UI decreases incomplete information and results in 5% higher wages. A more dense population reduces search costs leading to less incomplete information. A more industrial economy disseminates wage information better, so that workers exhibit less incomplete information and higher wages. Finally, we find that foreign worker inflows increase incomplete information, and at the same time reduce average wage levels, at least in the short-run"--Forschungsinstitut zur Zukunft der Arbeit web site.
650 0 $aJob vacancies$vCase studies.
650 0 $aLabor market$vCase studies.
650 0 $aInsurance, Unemployment$vCase studies.
700 1 $aXiang, Jun (Jeff) Xiang.
830 0 $aDiscussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;$vno. 1735
856 40 $uhttp://www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=1735