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Thursday, November 12, 2020 | History

2 edition of Is there discretion in wage setting? found in the catalog.

Is there discretion in wage setting?

Marianne Bertrand

Is there discretion in wage setting?

a test using takeover legislation

by Marianne Bertrand

  • 78 Want to read
  • 40 Currently reading

Published by Industrial Relations Section, Princeton University in [Princeton, N.J .
Written in English

    Subjects:
  • Wages -- United States -- Econometric models.,
  • Compensation management -- United States -- Decision making -- Econometric models.,
  • Consolidation and merger of corporations -- Law and legislation -- Economic aspects -- United States -- States -- Econometric models.

  • Edition Notes

    StatementMarianne Bertrand, Sendhil Mullainathan.
    SeriesWorking paper / Industrial Relations Section, Princeton University -- no. 406, Working paper (Princeton University. Industrial Relations Section) -- no. 406...
    ContributionsMullainathan, Sendhil., Princeton University. Industrial Relations Section.
    The Physical Object
    Pagination38 p. :
    Number of Pages38
    ID Numbers
    Open LibraryOL16639485M

    Apr 01,  · Recalling that [Mathematical Expression Omited], it is obvious that the sign of [Mathematical Expression Omited] depends on two effects. First, a higher wage reduces total profit and therefore profit per worker. Second, there is also a reduction in employment associated with a higher wage, and this tends to raise profit per worker.


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Is there discretion in wage setting? by Marianne Bertrand Download PDF EPUB FB2

Note: Citations are based on reference standards. However, formatting rules can vary widely between applications and fields of interest or study. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied.

Sendhil Mullainathan & Marianne Bertrand, "Is there Discretion in Wage Setting. A Test Using Takeover Legislation," Working papersMassachusetts Institute of Technology (MIT), Department of Economics.

Marianne Bertrand & Sendhil Mullainathan, "Is There Discretion in Wage Setting. "Is There Discretion in Wage Setting. A Test Using Takeover Legislation," NBER Working PapersNational Bureau of Economic Research, Inc. Bertrand, M. & Mullainathan, S., "Is there Discretion in Wage Setting.

A Test Using Takeover Legislation," PapersPrinceton, Woodrow Wilson School - Public and International Affairs. Dear Internet Archive Supporter, I ask only once a year: please help the Internet Archive today. Right now, we have a 2-to-1 Matching Gift Campaign, so you can triple your impact.

Most can’t afford to give, but we hope you can. The average donation is $ If everyone reading this chips in just $5, we can end this fundraiser leboostcamp.com: discretion) • Rules-based wage setting.

Looking primarily at manufacturing firms in the s and s, Doeringer and Piore described a system of pay determining based on job evaluations and wage surveys that institutionalized rigid pay between occupations.

Compared with market pricing of eachAuthor: Randall W. Eberts. The Theory and Practice of Pay Setting. there was rising wage inequality between middle. this article shows that there has been a decline in task discretion since the early s.

This. determined by some aggregate process where firms do not have significant discretion over wage setting. There are a number of theories that lead to internal labor markets. Using data from Sweden from the late s, it is found that although there is significant evidence of internal promotionCited by: Jun 08,  · In pay setting for the FWS, only the current pay schedules are used and the applicable wage schedule is the one for the wage area in which pay is to be set, not the one for the area in which the highest previous rate was actually earned (unless it is the same).

sions of wage setting at the level of the firm or organization have to be taken into account. The first relates to nonwage benefits, many of which are fixed in some countries by law or by collective agreement (and therefore are not dependent on employers’ discretion).

Such benefits constitute a kind of minimum “social wage” (see also. over wage-setting to organized labour and business affects the level at which minima are set. But – with the exception of a recent case-study of recent reforms in Germany (Mabbett, forthcoming)2 – there is no comparative literature explaining variation in the design of minimum-wage setting institutions.

Gender wage discrimination thereby providing employers with discretion in wage setting. There are a number of possible reasons for workers’ limited wage sensitivity: There may be a concentration on Is there discretion in wage setting? book demand side, such as historically in company towns, where there is a predominant employer.

In this book, Robinson not only presented Cited by: 2. employers with discretion in wage setting. There are a number of possible reasons for workers’ limited wage sensitivity [2]: • There may be a concentration on the demand side, such as historically in company towns, where there is a predominant employer.

Or employers may follow a. What is the role of wage growth in excess of 6 per cent. This chapter establishes that there is a strong feedback link between inflation outcomes, inflation expectations and excess wage growth.

Wage-setting patterns and monetary policy: International evidence nearly 90 percent of the firms surveyed for the Beige Book in New England reported that they revise compensation once a year, for both salaried and hourly workers; moreover, 46 percent of the firms take decisions regarding changes in base pay and 55 percent take decisions on Cited by: wage will result in the complete inability to hire any of them at all.

The labour supply curve facing the firm is infinitely elastic. In contrast this book is based on two assum ptions about the labour m arket. They can be stated very simply: S there are important frictions in the labour market S employers set wages 1Cited by: In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, form in a way that is not market-clearing.

Specifically, it points to the incentive for managers to pay their employees more than the market-clearing wage in order to increase their productivity or efficiency, or reduce costs associated with turnover, in industries where the costs of replacing labor.

Dec 01,  · But the reason why I gave this book 3 stars instead of 1 or 2 is because it is amusing how this book was written inand the author wanted to show what would be like. Obviously, he wasn't right on it. As most of us are aware, there is no superpower named "Oceania".5/5.

determined by some aggregate process where firms do not have significant discretion over wage setting. There are a number of theories that lead to internal labor markets.

Using data from Sweden from the late s, it is found that although there is significant evidence of internal promotion being. The History of Economic Thought on the Minimum Wage* ALAN B. KRUEGER I was in the audience at the State of the Union address in February when President Obama announced, “Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full time should have to live in poverty, and raise the federal minimum wage to $ rates and commissions reduce racial earnings disparities.

They go further, however, and find that there are even larger disparities when bonus payments are examined, presumably because these payments extend managerial discretion even beyond standard hourly wage or salary decisions.

The book as a whole is accessible to nonspecialists. Beige Book Request a Speaker Publications Archive Back to that is, they do not face strong competition for such labor and so have discretion in setting wages. According to this non-competitive theory of the labor market, a higher minimum wage can increase both efficiency and employment.

It tells us there is an optimal minimum wage, but. Jan 18,  · Thus, if the bonus was deemed to be an incentive for accepting employment, structured to not be dependent, in any manner, upon a designated number of hours worked and there was evidence (i.e. the policy) reflecting that the bonuses were being given in "exchange" for the setting of a lower wage rate, the Company may be able to bring the bonuses.

How much discretion should the monetary authority have in setting its policy. This question is analyzed in an economy with an agreed-upon social welfare function that depends on the economy's randomly fluctuating state.

The monetary authority has private information about that state. May 22,  · A recent article on leboostcamp.com last month illustrates the gap between high and low wage earners in the U.S. According to the article, inthe. Wage Setting Author’s Name Institution Affiliation Criminal Investigation Chapter 13 Ans.7 During the crime of truck hijacking, a truck driver may be looted through various methods.

Robbers might use roadblocks as an obstacle to hijack a truck or they might even install detours to hijack a truck. Jun 14,  · In job niches concentrated in the private sector, there will be more discretion in wage setting than in job niches concentrated in the public sector and typically larger gender pay gaps due to the more decentralized wage setting (Card, Cardoso, and Kline ).

Since the public sector plays fundamentally different roles in the labor markets in Author: Liza Reisel, Kjersti Misje Østbakken, Paul Attewell.

Apr 05,  · The 'Gender Wage Gap' Is a Dangerous Myth ⇑ back to "Opinions " sort of diversion from "employers are discriminating against women" to "society caused the wage gap" is necessary for wage-gap mythmakers.

If there was truly a 22 percent wage gap caused by discrimination against women by businesses, we'd be able to point out businesses that. The fact employers have this discretion implies that they are not merely pricetakers, but to some extent price “makers” conceptualization of the market rate as a unique point estimate has diverted attention from this discretionary element in wage setting practices.

Implications for litigation -the present legal conceptualization of a unique market wage for ANY given type of work is naïve.

B, Jan 25, CIVILIAN PERSONNEL - Compensation - Prevailing rate personnel - Wage rates - Determination DIGEST: The NFFE is advised that its prevailing rate employees' request for a change in their rate scale was never denied by the agency and filing a request with this office would be premature since the employees have not exhausted their administrative remedies.

Trade unions and the minimum wage A laboured exemption. there's another word available to describe "The idea is that this kind of collaborative wage setting achieves the flexibility goals.

The Effects of Minimum Wages on Employment BY DAVID NEUMARK The minimum wage has gained momentum among policymakers as a way to alleviate rising wage and income inequality. Much of the debate over this policy centers on whether raising the minimum wage causes job loss, as well as the potential magnitude of those losses.

Recent. Discretion and Independent Judgment with Respect to Matters of Significance – Administrative Employee Exemption. Discretion and independent judgment for purposes of the administrative employee exemption under the Fair Labor Standards Act (FLSA) mean evaluating and comparing possible courses of conduct and making a decision based on the evaluation and comparisons.

Sep 23,  · Peter Sprigg of the Family Research Council noted that removing certain books from libraries is about showing discretion and respecting a community's values, and doesn't prevent people from getting those books elsewhere: "It's an exaggeration to refer to this as book banning.

There is nothing preventing books from being written or sold, nothing. In addition to state minimum wage requirements, there are also federal minimum wage requirements.

If an employee is covered by both state and federal minimum wage laws, the law which provides a higher minimum wage or sets a higher standard shall apply.

For information on federal minimum wage law, contact the U.S. Department of Labor. For all other businesses, such lunch periods are not required and are given solely at the discretion of the employer regardless of the length of the work shift.

Although many employers provide such breaks as a matter of company policy, there are no state or federal laws requiring any employer to allow any rest/coffee break. Low-Wage America is the most extensive study to date of how the choices employers make in response to economic globalization, industry deregulation, and advances in information technology affect the lives of tens of millions of workers at the bottom of the wage distribution.

is expected to exercise discretion at all times; limited judgment may be necessary at times. This assistant may be wage rates, and employee salaries. The use of computers may be relied on heavily for organizational setting priorities and deadlines for patient care as.

Designed to assist employers, including small businesses, and employees find answers to employment and labor law questions, Employment Law Handbook also covers many different areas of labor law including wage payment, discrimination, workplace safety, unemployment, and many others.

If (k) match contributions and annual bonuses are based on a percentage of pay—or bonuses are awarded at a higher percentage of pay as incomes rise—or if there are deferred compensation Author: Joanne Sammer. ***The federal minimum wage since July 24,is $ per hour. The "opportunity" wage for teenagers is a lower minimum wage for newly hired employees who are under the age of This lower wage is $ per hour.

Teenagers may be paid this rate for the first 90 consecutive calendar days after they are hired.***. Even if there are other ways to model expectations (i.e. adaptive expectations), RE remains the standard way to treat expectations in quantitative macroeconomic models. The DSGE models in this book are based on the idea of RE and this is why this section introduces .Start studying Law: Ch.

11 (Wage and Hour laws). Learn vocabulary, terms, and more with flashcards, games, and other study tools.Jun 26,  · The Seattle Minimum Wage Study, a study supported and funded in part by the Seattle city government, is out with a new NBER paper evaluating Seattle’s minimum wage increase to $13 an hour and it finds significant dis-employment effects that on net reduce the incomes of minimum wage workers.

I farm this one out to [ ].