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Author: Liao, Huei-Chu
Resulting in 1 citation.
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Liao, Huei-Chu |
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Wage Premium and High Layoff Probability Jobs Ph.D. Dissertation, The Ohio State University, 1989 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Layoffs; Wages This paper investigates the wage-layoff relationship. First, the wage compensation requested by workers is discovered. Then, similar to the hedonic model derived by Rosen and Thalers, a positive nonlinear wage-layoff relationship is found. In order to estimate this nonlinear equilibrium, a two stage least square method is used. The results show that the request of wage premium is only observed in the industry category layoff rates but not in the firm specific or occupation category layoff rates. This empirical evidence is due to some unobservable characteristics in this data set. Workers receiving higher wage rates usually endow some superior characteristics such as more honest or aggressive behavior which will increase higher productivity and drop the layoff probability for them. However, these unobservable characteristics happen more in comparing the individual in the occupation but not in the industry. White collar employees always receive high wage but low layoff rates, while the workers in the high layoff probability industry do receive wage compensation. |
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Bibliography Citation
Liao, Huei-Chu. Wage Premium and High Layoff Probability Jobs. Ph.D. Dissertation, The Ohio State University, 1989. |