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Journal articles on the topic 'Wage competition'

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Published: 4 June 2021
Last updated: 8 February 2022

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1

Fukumura, Koichi, and Atsushi Yamagishi. "Minimum wage competition." International Tax and Public Finance 27, no. 6 (May 2, 2020): 1557–81. http://dx.doi.org/10.1007/s10797-020-09603-8.

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2

Yang, Li. "Product Market Competition, Competitive Position and Employee Wage." Journal of Human Resource and Sustainability Studies 04, no. 03 (2016): 176–82. http://dx.doi.org/10.4236/jhrss.2016.43019.

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3

Rigby, David, Tom Kemeny, and Abigail Cooke. "US Wage Inequality and Low-Wage Import Competition." Tijdschrift voor economische en sociale geografie 106, no. 5 (December 5, 2014): 570–87. http://dx.doi.org/10.1111/tesg.12123.

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4

Majumdar, Sumit K. "Competitor entry impact on jobs and wages in incumbent firms: retrospective evidence from a natural experiment." Business and Politics 17, no. 2 (August 2015): 291–326. http://dx.doi.org/10.1017/s1369525800001650.

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This article, situated at the interface of competition policy and labor economics literatures, examines the relationship between new competitor entry and its impact on changes in the employment levels and wage levels of incumbent telecommunications firms. The context for examining the issue is the local exchange carriers’ territories within the US. In markets with above-average competitive entry by new firms there has been a significant response by incumbent firms in increasing employment levels by 11% relative to industry average values, and wage levels have risen by 11.8% relative to average levels. In modern technologically-dynamic sectors, characterized by network effects, the impact of deregulation, competition policy changes and market entry on changes in employment and wage levels in the incumbent firms have been positive. The idea as to whether across-the-board competition leads to job losses or impacts wages negatively in incumbent firms requires re-assessment and the data suggest that promoting entry can be a powerful policy option to generate useful economic outcomes.
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5

Booth, Alison L. "Wage determination and imperfect competition." Labour Economics 30 (October 2014): 53–58. http://dx.doi.org/10.1016/j.labeco.2014.06.010.

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6

Lee, Young-Sung. "Competition, Wage, and Agglomeration Diseconomy." International Regional Science Review 39, no. 3 (August 8, 2014): 318–50. http://dx.doi.org/10.1177/0160017614542338.

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7

Nolan, Peter, and William Brown. "COMPETITION AND WORKPLACE WAGE DETERMINATION." Oxford Bulletin of Economics and Statistics 45, no. 3 (May 1, 2009): 269–87. http://dx.doi.org/10.1111/j.1468-0084.1983.mp45003003.x.

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8

Neary, J. Peter. "Foreign Competition and Wage Inequality." Review of International Economics 10, no. 4 (November 2002): 680–93. http://dx.doi.org/10.1111/1467-9396.00358.

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9

Wang, Ruqu. "Competition, Wage Commitments, and Application Fees." Journal of Labor Economics 15, no. 1, Part 1 (January 1997): 124–42. http://dx.doi.org/10.1086/209849.

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10

Longhi, Simonetta. "Job Competition and the Wage Curve." Regional Studies 46, no. 5 (May 2012): 611–20. http://dx.doi.org/10.1080/00343404.2010.521145.

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11

Stutsman, Douglas. "Wage Competition in the Labor Queue." Journal of Post Keynesian Economics 10, no. 3 (March 1988): 355–69. http://dx.doi.org/10.1080/01603477.1988.11489685.

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12

Guerrazzi, Marco, and Mauro Sodini. "Efficiency-wage competition and nonlinear dynamics." Communications in Nonlinear Science and Numerical Simulation 58 (May 2018): 62–77. http://dx.doi.org/10.1016/j.cnsns.2017.04.027.

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13

Wälde, Klaus, and Pia Weiß. "International competition, downsizing and wage inequality." Journal of International Economics 73, no. 2 (November 2007): 396–406. http://dx.doi.org/10.1016/j.jinteco.2007.03.006.

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14

Braun, Sebastian. "Foreign Competition, Multinational Firms, and One-Sided Wage Rigidity." Global Economy Journal 10, no. 2 (May 21, 2010): 1850195. http://dx.doi.org/10.2202/1524-5861.1583.

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The paper studies the effects of a one-sided minimum wage in a two-country model of intra-industry trade, in which multinational firms arise endogenously. With positive levels of intra-industry trade the adverse employment and welfare effects of an asymmetric minimum wage are significantly larger than in a non-trading economy. Multinational firms generally mitigate the effect somewhat. Even though factor prices are not equalized across countries, a (binding) wage floor in one country will prop up wages in the other. The flexible-wage country is insulated from shocks caused by factor accumulation in the rigid-wage country, while an increase in the labor supply of the latter economy may have profound impacts on labor market outcomes in both countries.
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15

Schlicht, Ekkehart. "Wage Dispersion, Over-Qualification, and Reder Competition." Economics: The Open-Access, Open-Assessment E-Journal 1, no. 2007-13 (2007): 1. http://dx.doi.org/10.5018/economics-ejournal.ja.2007-13.

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16

Sattinger, Michael, and Howard Botwinick. "Persistent Inequalities: Wage Disparity under Capitalist Competition." Industrial and Labor Relations Review 48, no. 1 (October 1994): 168. http://dx.doi.org/10.2307/2524633.

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17

Beck, E. M., and Howard Botwinick. "Persistent Inequalities: Wage Disparity under Capitalist Competition." Contemporary Sociology 23, no. 4 (July 1994): 526. http://dx.doi.org/10.2307/2076371.

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18

Fitzenberger, Bernd. "Comments on “Wage determination and imperfect competition”." Labour Economics 30 (October 2014): 59–61. http://dx.doi.org/10.1016/j.labeco.2014.07.012.

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19

Hamilton, Jonathan, Jacques-François Thisse, and Yves Zenou. "Wage Competition with Heterogeneous Workers and Firms." Journal of Labor Economics 18, no. 3 (July 2000): 453–72. http://dx.doi.org/10.1086/209966.

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20

Borjas, G. J., and V. A. Ramey. "Foreign Competition, Market Power, and Wage Inequality." Quarterly Journal of Economics 110, no. 4 (November 1, 1995): 1075–110. http://dx.doi.org/10.2307/2946649.

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21

García, José Ramón, and Valeri Sorolla. "Monopolistic Competition and Different Wage Setting Systems." Scottish Journal of Political Economy 61, no. 1 (December 2, 2013): 48–77. http://dx.doi.org/10.1111/sjpe.12034.

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22

Shy, Oz, and Rune Stenbacka. "Dynamic labor market competition and wage seniority." International Journal of Industrial Organization 61 (November 2018): 130–54. http://dx.doi.org/10.1016/j.ijindorg.2018.08.009.

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23

Bachmann, Ronald, and Hanna Frings. "Monopsonistic competition, low-wage labour markets, and minimum wages – An empirical analysis." Applied Economics 49, no. 51 (March 23, 2017): 5268–86. http://dx.doi.org/10.1080/00036846.2017.1302069.

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24

Pi, Jiancai, and Yu Zhou. "International Factor Mobility, Production Cost Components, and Wage Inequality." B.E. Journal of Economic Analysis & Policy 15, no. 2 (April 1, 2015): 503–22. http://dx.doi.org/10.1515/bejeap-2014-0006.

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Abstract The present paper establishes a two-sector monopolistic competition model to investigate how international factor mobility influences the skilled–unskilled wage inequality when the monopolistically competitive sector producing final goods is characterized by various types of production cost functions. We discuss three types of production cost functions of the monopolistically competitive sector. Different types of production cost functions have different production factor components of variable and fixed costs. We find that differences in production cost components of the monopolistically competitive sector matter for the impacts of international factor mobility on the skilled–unskilled wage inequality.
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25

Martin, Julien, and Isabelle Mejean. "Low-wage country competition and the quality content of high-wage country exports." Journal of International Economics 93, no. 1 (May 2014): 140–52. http://dx.doi.org/10.1016/j.jinteco.2014.02.002.

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26

Utar, Hale. "When the Floodgates Open: “Northern” Firms' Response to Removal of Trade Quotas on Chinese Goods." American Economic Journal: Applied Economics 6, no. 4 (October 1, 2014): 226–50. http://dx.doi.org/10.1257/app.6.4.226.

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Using the dismantling of the Multi-fibre Arrangement quotas on Chinese textile products in conjunction with China's accession to the World Trade Organization (WTO), within firms adjustments to intensified low-wage competition is analyzed. Employing Danish employer-employee matched data covering from 1995 to 2007, the analysis shows a significant change in the workforce composition of firms in response to heightened competition. Competition is found to negatively affect employment, value-added, and intangible assets of the Danish firms, and firms refocus away from products, where China's competitive advantage becomes higher. The results show an important role of the distributional impact of low-wage competition within firms in restructuring the industry. (JEL F13, F14, F16, L25, L67, P33)
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27

Mukherjee, Arijit. "Product market competition, open shop union and wage." Journal of Economics 107, no. 2 (January 24, 2012): 183–90. http://dx.doi.org/10.1007/s00712-011-0262-4.

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28

Papp, Tamás K. "Frictional wage dispersion with Bertrand competition: An assessment." Review of Economic Dynamics 16, no. 3 (July 2013): 540–52. http://dx.doi.org/10.1016/j.red.2013.02.002.

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29

Li, Yanan, Ravi Kanbur, and Carl Lin. "Minimum Wage Competition between Local Governments in China." Journal of Development Studies 55, no. 12 (October 30, 2018): 2479–94. http://dx.doi.org/10.1080/00220388.2018.1536263.

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30

Pi, Jiancai, Yu Zhou, and Jun Yin. "International factor mobility, monopolistic competition, and wage inequality." Economic Modelling 33 (July 2013): 326–32. http://dx.doi.org/10.1016/j.econmod.2013.04.013.

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31

Mokre, Patrick, and Miriam Rehm. "Inter-industry wage inequality: persistent differences and turbulent equalisation." Cambridge Journal of Economics 44, no. 4 (February 24, 2020): 919–42. http://dx.doi.org/10.1093/cje/bez064.

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Abstract The empirical stylised fact of persistent inter-industry wage differentials is an enduring challenge to economic theory. This paper applies the classical theory of ‘real competition’ to the turbulent dynamics of these inter-industrial wage differentials. Theoretically, we argue that competitive wage determination can be decomposed into equalising, dispersing and turbulently equalising factors. Empirically, we show graphically and econometrically for 31 US industries in 1987–2016 that wage differentials, like regulating profit rates, are governed by turbulent equalisation. Furthermore, we apply a fixed-effects OLS as well as a hierarchical Bayesian inference model and find that the link between regulating profit rates and wage differentials is positive, significant and robust.
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32

Merkl, Christian, and Dennis Snower. "MONETARY PERSISTENCE, IMPERFECT COMPETITION, AND STAGGERING COMPLEMENTARITIES." Macroeconomic Dynamics 13, no. 1 (February 2009): 81–106. http://dx.doi.org/10.1017/s1365100508070417.

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This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of “quantitative inertia,” after discussing weaknesses of the “contract multiplier,” a standard measure of monetary persistence. The existence of complementarities means that beyond understanding how wage and price staggering work in isolation, it is important to investigate their interactions. Furthermore, our analysis indicates that the degree of monetary persistence generated by wage vis-à-vis price staggering depends on the relative competitiveness of the labor and product markets. We show that the conventional finding that wage staggering generates more persistence than price staggering holds under homogeneous capital accumulation. Under firm-specific capital, wage staggering generates more persistence only when the labor market is sufficiently competitive relative to the product market.
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33

Qiyun Feng. "Trade Openness and Gender Wage Gap : The Impact of Competition on Sectoral Wage Differences." Journal of International Trade & Commerce 11, no. 4 (August 2015): 35–50. http://dx.doi.org/10.16980/jitc.11.4.201508.35.

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34

Bagger, Jesper, François Fontaine, Fabien Postel-Vinay, and Jean-Marc Robin. "Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics." American Economic Review 104, no. 6 (June 1, 2014): 1551–96. http://dx.doi.org/10.1257/aer.104.6.1551.

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We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity, and individual-level shocks. Wage growth is decomposed into contributions of human capital and job search, within and between jobs. Human capital accumulation is largest for highly educated workers. The contribution from job search to wage growth, both within and between jobs, declines over the first ten years of a career—the “job-shopping” phase of a working life—after which workers settle into high-quality jobs using outside offers to generate gradual wage increases, thus reaping the benefits from competition between employers. (JEL J24, J31, J63, J64)
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35

Bhaskar, V., Alan Manning, and Ted To. "Oligopsony and Monopsonistic Competition in Labor Markets." Journal of Economic Perspectives 16, no. 2 (May 1, 2002): 155–74. http://dx.doi.org/10.1257/0895330027300.

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We argue that models of oligopsony or monopsonistic competition provide insights and explanation for many empirical phenomena in labor markets. Using a simple model with job differentiation and preference heterogeneity, we illustrate how such models can be employed to explain the existence of wage dispersion, the persistence of labor market discrimination, market failures in the provision of training and the anomalous employment effects of minimum wages.
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36

Norlander, Peter. "Does Competition Protect Temporary Guest Workers from Wage Theft?" Academy of Management Proceedings 2020, no. 1 (August 2020): 17835. http://dx.doi.org/10.5465/ambpp.2020.17835abstract.

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37

Pizer, Steven D. "Does international competition undermine wage differentials and increase inequality?" Journal of International Economics 52, no. 2 (December 2000): 259–82. http://dx.doi.org/10.1016/s0022-1996(99)00048-3.

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38

Lorz, Oliver. "A Bertrand model of wage competition with capital mobility." Economics Letters 56, no. 3 (November 1997): 339–43. http://dx.doi.org/10.1016/s0165-1765(97)00173-0.

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39

Guadalupe, Maria. "Product Market Competition, Returns to Skill, and Wage Inequality." Journal of Labor Economics 25, no. 3 (July 2007): 439–74. http://dx.doi.org/10.1086/513299.

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40

Lu, Hsin Chang. "International competition and wage differentials - the case of Taiwan." Journal of International Trade & Economic Development 9, no. 1 (January 2000): 101–14. http://dx.doi.org/10.1080/096381900362571.

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41

Chao, Chi-Chur, Bharat R. Hazari, and Eden S. H. Yu. "Rising wage inequality in developing economies: Privatization and competition." Journal of International Trade & Economic Development 15, no. 3 (September 2006): 375–85. http://dx.doi.org/10.1080/09638190600871719.

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42

Defreitas, Gregory. "Labor Force Competition and the Black-White Wage Gap." Review of Black Political Economy 16, no. 3 (January 1988): 103–13. http://dx.doi.org/10.1007/bf02903806.

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Have the increasing numbers of women and immigrants in the U.S. labor force adversely affected the relative earnings of black men? A recent article in this journal argued that they have, based on empirical analysis of 1970 census data. The present study begins with a critique of both the theoretical assumptions and the empirical methods of this earlier article. A regression analysis of 1980 census data is then undertaken, which indicates that recent immigration has not had a negative impact on the relative wages of central-city black men. The findings also suggest that while higher rates of female labor force participation are statistically associated with lower black-white wage ratios, this effect is limited to teenagers.
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43

Cooke, Abigail, Tom Kemeny, and David Rigby. "Vulnerable Jobs and the Wage Effects of Import Competition." Industrial Relations: A Journal of Economy and Society 58, no. 3 (June 10, 2019): 484–521. http://dx.doi.org/10.1111/irel.12240.

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44

Sen, Anindya, and Amitava Krishna Dutt. "Wage bargaining, imperfect competition and the markup: Optimizing microfoundations." Economics Letters 48, no. 1 (April 1995): 15–20. http://dx.doi.org/10.1016/0165-1765(94)00523-5.

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45

Hirata, Guilherme, and Rodrigo R. Soares. "Competition and the racial wage gap: Evidence from Brazil." Journal of Development Economics 146 (September 2020): 102519. http://dx.doi.org/10.1016/j.jdeveco.2020.102519.

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46

Wolszczak-Derlacz, Joanna. "Mind the Gender Wage Gap - the Impact of Trade and Competition on Sectoral Wage Differences." World Economy 36, no. 4 (January 16, 2013): 437–64. http://dx.doi.org/10.1111/twec.12026.

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47

Duncan, Kevin, and Jeffrey Waddoups. "Unintended Consequences of Nevada’s Ninety-Percent Prevailing Wage Rule." Labor Studies Journal 45, no. 2 (January 20, 2020): 166–85. http://dx.doi.org/10.1177/0160449x19897961.

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In 2015, the State of Nevada reduced prevailing wage rates on education-related construction to 90 percent of the applicable rate for other state-funded construction. The examination of projects built for Clark County School District between 2009 and 2108 indicates that Nevada’s wage policy has no statistically significant effect on school construction costs or bid competition, taking into consideration bids placed before and after the 2015 policy change. However, prevailing wage reductions on education projects motivated union contractors to pursue other opportunities as Nevada’s building industry expanded after 2015. Reduced participation in district bidding by union contractors contributed to a 25-percent overall decrease in bid competition and a 20-percent increase in bid costs following the 2015 policy change. While the goal of the 90-percent prevailing wage rule was to reduce the cost of building public schools, unforeseen consequences contributed to decreased bid competition and increased construction costs.
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48

Meyer, Brett. "Learning to Love the Government." World Politics 68, no. 3 (May 18, 2016): 538–75. http://dx.doi.org/10.1017/s0043887116000058.

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One counterintuitive variation in wage-setting regulation is that countries with the highest labor standards and strongest labor movements are among the least likely to set a statutory minimum wage. This, the author argues, is due largely to trade union opposition. Trade unions oppose the minimum wage when they face minimal low-wage competition, which is affected by the political institutions regulating industrial action, collective agreements, and employment, as well as by the skill and wage levels of their members. When political institutions effectively regulate low-wage competition, unions oppose the minimum wage. When political institutions are less favorable toward unions, there may be a cleavage between high- and low-wage unions in their minimum wage preferences. The argument is illustrated with case studies of the UK, Germany, and Sweden. The author demonstrates how the regulation of low-wage competition affects unions’ minimum wage preferences by exploiting the following labor market institutional shocks: the Conservatives’ labor law reforms in the UK, the Hartz labor market reforms in Germany, and the European Court of Justice's Laval ruling in Sweden. The importance of union preferences for minimum wage adoption is also shown by how trade union confederation preferences influenced the position of the Labour Party in the UK and the Social Democratic Party in Germany.
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49

Endoh, Masahiro. "The Effect of Import Competition on Wages in the Japanese Manufacturing Sector." Asian Economic Papers 17, no. 1 (February 2018): 46–67. http://dx.doi.org/10.1162/asep_a_00585.

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This study estimates the effect of import competition in the final goods market on workers’ wages in the Japanese manufacturing sector by constructing a panel of matched worker–firm data for 1998–2013 wages. The baseline results show that import competition does not decrease unskilled workers’ wages and increases the skill premia of workers with college degrees or those in managerial and professional positions. Large firms and firms with low productivity also increased their wage premia through import competition, but the degree of increase due to firm-level factors is much smaller than that due to factors related to workers’ skill.
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50

Oliver, Rebecca. "Diverging Developments in Wage Inequality." Comparative Political Studies 41, no. 12 (February 1, 2008): 1551–82. http://dx.doi.org/10.1177/0010414007312837.

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This article investigates how a particular wage-bargaining institution mitigates pressures from growing international competition and new production techniques and affects the degree of wage inequality growth. The extent to which industry-wide wage minima (wage scales) cover both higher and lower skilled workers affects developments in inequality. A series of cross-sectional time-series analyses are conducted using data from a recent unpublished data set from the Organisation for Economic Co-operation and Development (OECD), which covers 14 OECD countries from 1980 to 2002. The results strongly indicate that the presence of industry-wide wage scales is a key factor in the evolution of wage inequality across OECD countries.
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