High wage workers and high wage firms:
We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual,...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
1994
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| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
4917 |
| Schlagworte: | |
| Zusammenfassung: | We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials. |
| Beschreibung: | 71 S. |
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 4917 | |
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| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:46:12Z |
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| language | English |
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| physical | 71 S. |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Abowd, John M. 1951- Verfasser (DE-588)122611462 aut High wage workers and high wage firms John M. Abowd ; Francis Kramarz ; David N. Margolis Cambridge, Mass. 1994 71 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4917 We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials. Geschoold personeel gtt Grootbedrijf gtt Salarissen gtt Sociale netwerken gtt Ökonometrisches Modell Compensation management France Econometric models Wages France Econometric models Frankreich (DE-588)4113937-9 Hochschulschrift gnd-content Kramarz, Francis Verfasser (DE-588)113696620 aut Margolis, David N. Verfasser aut National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4917 (DE-604)BV002801238 4917 |
| spellingShingle | Abowd, John M. 1951- Kramarz, Francis Margolis, David N. High wage workers and high wage firms National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Geschoold personeel gtt Grootbedrijf gtt Salarissen gtt Sociale netwerken gtt Ökonometrisches Modell Compensation management France Econometric models Wages France Econometric models |
| subject_GND | (DE-588)4113937-9 |
| title | High wage workers and high wage firms |
| title_auth | High wage workers and high wage firms |
| title_exact_search | High wage workers and high wage firms |
| title_full | High wage workers and high wage firms John M. Abowd ; Francis Kramarz ; David N. Margolis |
| title_fullStr | High wage workers and high wage firms John M. Abowd ; Francis Kramarz ; David N. Margolis |
| title_full_unstemmed | High wage workers and high wage firms John M. Abowd ; Francis Kramarz ; David N. Margolis |
| title_short | High wage workers and high wage firms |
| title_sort | high wage workers and high wage firms |
| topic | Geschoold personeel gtt Grootbedrijf gtt Salarissen gtt Sociale netwerken gtt Ökonometrisches Modell Compensation management France Econometric models Wages France Econometric models |
| topic_facet | Geschoold personeel Grootbedrijf Salarissen Sociale netwerken Ökonometrisches Modell Compensation management France Econometric models Wages France Econometric models Frankreich Hochschulschrift |
| volume_link | (DE-604)BV002801238 |
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