| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25230 |
| 来源ID | Working Paper 25230 |
| Wages and the Value of Nonemployment | |
| Simon Jäger; Benjamin Schoefer; Samuel G. Young; Josef Zweimüller | |
| 发表日期 | 2018-11-05 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Nonemployment is often posited as a worker’s outside option in wage setting models such as bargaining and wage posting. The value of nonemployment is therefore a key determinant of wages. We measure the wage effect of changes in the value of nonemployment among initially employed workers. Our quasi-experimental variation in the value of nonemployment arises from four large reforms of unemployment insurance (UI) benefit levels in Austria. We document that wages are insensitive to UI benefit changes: point estimates imply a wage response of less than $0.01 per $1.00 UI benefit increase, and we can reject sensitivities larger than $0.03. The insensitivity holds even among workers with low wages and high predicted unemployment duration, and among job switchers and recently unemployed workers. The insensitivity of wages to the nonemployment value presents a puzzle to the widely used Nash bargaining model, which predicts a sensitivity of $0.24–$0.48. Our evidence supports wage-setting models that insulate wages from the value of nonemployment. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation ; National Fiscal Issues ; Labor Economics ; Labor Compensation ; Labor Market Structures ; Labor Relations ; Unemployment and Immigration ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w25230 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582904 |
| 推荐引用方式 GB/T 7714 | Simon Jäger,Benjamin Schoefer,Samuel G. Young,et al. Wages and the Value of Nonemployment. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25230.pdf（1769KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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