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http://hdl.handle.net/10419/20557
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| Title: | | Labour Market Institutions and Wage Inequality  |
| Authors: | | Koeniger, Winfried Leonardi, Marco Nunziata, Luca |
| Issue Date: | | 2004 |
| Series/Report no.: | | IZA Discussion paper series 1291 |
| Abstract: | | In this paper we investigate the importance of labor market institutions such as unemployment insurance, unions, firing regulation and minimum wages for the evolution of wage inequality across countries. We derive a simple log-linear equation of the wage differential as a function of the institutional parameters, total factor productivity, final good prices and relative skill supply. Our estimates for 11 OECD countries imply that labor market institutions can account for a large part of the change of wage inequality across countries after controlling for time and country effects. |
| Subjects: | | labor market institutions wage differential by skill bilateral monopoly country panel data |
| JEL: | | E24 J65 J51 J31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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