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Labour market institutions and wage inequality

"In this paper we investigate the importance of labor market institutions such as unemployment insurance, unions, firing regulation and minimum wages for the evolution of wage inequality across countries. We derive a simple log-linear equation of the wage differential as a function of the insti...

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Bibliographic Details
Main Authors: Koeniger, Winfried, Leonardi, Marco, Nunziata, Luca
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Bonn 2004
IZA
Subjects:
labour market
minimum wage
skill
statistics
trade union role
unemployment
wage differential
OECD countries
Online Access:https://www.labourline.org/KENTIKA-19126291124919444739-Labour-market-institutions-and.htm
Description
Summary:"In this paper we investigate the importance of labor market institutions such as unemployment insurance, unions, firing regulation and minimum wages for the evolution of wage inequality across countries. We derive a simple log-linear equation of the wage differential as a function of the institutional parameters, total factor productivity, final good prices and relative skill supply. Our estimates for 11 OECD countries imply that labor market institutions can account for a large part of the change of wage inequality across countries after controlling for time and country effects."
Physical Description:34 p.
Digital

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