The employment and wage effects of oil price changes: a sectoral analysis
Article Abstract:
Micro panel data was used to examine the effects of oil price changes on employment and real wages at the industry and aggregate levels. Oil price increases were found to cause a significant decline in real wages of all workers and an increase in the relative wages of skilled workers. Panel data econometric methods to handle unobserved heterogeneity were used to yield results completely hidden in ordinary least squares estimates. The long-term impact of an oil price increase on aggregate employment is found to be positive. In addition, changes in oil prices were found to induce changes in relative wages and employment shares across industries.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Does union membership matter? The effect of establishment union density on the union wage differential
Article Abstract:
The effect of labor union membership on wages is examined using dummy variables for the density of unionization in the employer-establishment. Results show that there is union member wage gain only at the one percent to 25% density range under controlled establishment union density. The labor union's effect on wages involves all of the establishment's workers for establishment union densities 26% or higher. For the establishment union density ranges 26%-50% and 51% to 75%, the wage gain is 20%. A wage gain of 64% was achieved for individuals working for an establishment with an establishment union density greater than 75%.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Estimating the employment effects of wage discrimination
Article Abstract:
Linear wage equations are used to describe the effects of wage discrimination given elastic labor supply curves. Aside from wage differentials, such elasticities serve as a major factor for the withdrawal of minority workers from the laobr force. Data from the 1984 Survey of Income and Program Participation show that inefficient labor use results from such policies. As a result, the US labor force lost some five million women to discrimination. The model may be used to evaluate corrective public policies.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The sure-thing principle and the comonotonic sure-thing principle: an axiomatic analysis. The topographical approach
- Abstracts: Asymptotic normal and bootstrap inference in structural VAR analysis. A re-evaluation of the quasi-Bayes approach to the linear combination of forecasts
- Abstracts: Unemployment insurance and unemployment over time: an analysis with event history data
- Abstracts: Unemployment equilibria and input prices: theory and evidence from the United States. Insights or forecasts? An evaluation of a computable general equilibrium model of Spain
- Abstracts: Testing the convergence hypothesis: a comment. Employment effects of immigration to Germany: an analysis based on local labor markets