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Report
How wages change: micro evidence from the international wage flexibility project
How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals' earnings in thirty-one different data sets from sixteen countries, from which we obtain a total of 360 wage change distributions. We find a remarkable amount of variation in wage changes across workers. Wage changes have a notably non-normal distribution; they are tightly clustered around the median and also have many extreme values. Furthermore, nearly all countries show ...
Journal Article
Urban dynamics in New York City: conference overview and summary of papers
These articles were presented at a conference organized by the Federal Reserve Bank of New York in April 2005, "Urban Dynamics in New York City." The goal of the conference was threefold: to examine the historical transformations of the engine-of-growth industries in New York and distill the main determinants of the city's historical dominance as well as the challenges to its continued success; to study the nature and evolution of immigration flows into New York; and to analyze recent trends in a range of socioeconomic outcomes, both for the general population and recent immigrants more ...
Journal Article
Live long and prosper: challenges ahead for an aging population
Over the next thirty years, the percentage of people who are 65 and over will grow rapidly while the percentage of people in their working years will decline. This shift in the age distribution of the population will put enormous pressure on social security systems in the United States, Germany, and Japan as the number of workers whose payroll taxes fund each retiree drops sharply.
Working Paper
The structure of supervision and pay in hospitals
An examination of the intensity of supervision in the workplace and its effect on the pay of nonsupervisory employees through the use a wage survey of the hospital industry.
Journal Article
Is this really a \\"white-collar recession\\"?
An analysis of whether the economic downturn that began in mid-1990 hit white-collar workers disproportionately hard. The authors examine the issue from several perspectives and find overwhelming evidence to the contrary.
Working Paper
HRM policy and increasing inequality in a salary survey
A look at the implications for human resource management of the rising wage disparity found in a three-decades-long private salary survey conducted by the Federal Reserve Bank of Cleveland.
Journal Article
The recent rise in the value of education: market forces at work
A market-based approach to understanding the widening income gap between college graduates and less-educated workers in the 1980s--a phenomenon that reflects the changes fueled by foreign competition and by technological advances--and an analysis of the far-reaching implications of continued schooling-based wage disparities.
Journal Article
The causes and consequences of structural changes in U.S. labor markets: a review
An overview of the proceedings of the October 1989 Federal Reserve Bank of Cleveland conference on the causes and consequences of structural changes in U.S. labor markets.
Journal Article
Can services be a source of export-led growth? Evidence from the fourth district
A discussion of the role played by service exports in sustaining a regional economy, with the contention that its growth reflects a natural and inevitable response to rising wealth.
Working Paper
How wages change: micro evidence from the International Wage Flexibility Project
How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals? earnings in 31 different data sets from sixteen countries, from which we obtain a total of 360 wage change distributions. We find a remarkable amount of variation in wage changes across workers. Wage changes have a notably non-normal distribution; they are tightly clustered around the median and also have many extreme values. Furthermore, nearly all countries show ...