The Structure of the Permanent Job Wage Premium: Evidence from Europe

Using individual longitudinal European Community Household Panel data for thirteen countries during 1995–2001 and fixed‐effects models, I find for men, the permanent job wage premium is higher for younger workers and those who were noncitizens or foreign born; for women, the premium is higher for young workers, short‐tenure workers, and those who were noncitizens or foreign born. Thus, the gain to permanent employment is higher for those with less experience in the domestic labor market.     

Job Attributes and Federal Wage Differentials

As part of the debate on how to treat attributes of a job (as opposed to a worker) when measuring federal differentials, the focus has been on the proper treatment of employer size. Using employer size, we highlight the two extremes in the literature of either holding job attributes constant or of assuming attributes do not transfer between sectors. A third alternative-estimating the extent to which the attribute will transfer-is much closer in value to that generated by holding employer size constant.     

Changes in Working Practices in British Manufacturing Industry in the 1980s: A Study of Employee Concessions Made During Wage Negotiations

The 1980s witnessed a considerable increase in the rate of growth of manufacturing productivity in Britain. This paper attempts to reveal the extent of systematic change at the work-place which was associated with this improvement. The study focuses on changes in working practices introduced concurrently with negotiations over wage increases; in every year throughout the decade around one third of wage settlements involving trade unions included productivity enhancing change. It is argued that the discipline of competitive pressure and the absence of incomes policy gave rise to the growth in the incidence of wage negotiations which featured a productivity element.     

Paradox Lost: The Disappearing Female Job Satisfaction Premium

Using the original data source of Clark, we show that over the last two decades the female satisfaction gap he documented has vanished. This reflects a strong secular decline in female job satisfaction. This decline happened both because younger women became less satisfied as they aged, and because new female workers entered with lower job satisfaction than their early 1990s peers. Decompositions make clear that the decline does not reflect changing job characteristics for women but rather their increasingly less favourable evaluation of job characteristics. These findings fit with the suggestion that women in the early 1990s had a gap between their labour market expectations and actual experience that has since closed and that the gender satisfaction gap has vanished as a consequence.     

The Role of Job Attributes in Understanding the Public-Private Wage Differential

This study uses a unique data set for Great Britain to investigate the impact of differences in job attributes on the public-private wage differential. The study reveals that (1) there are substantial differences in wage structure between the two sectors, particularly finding that the public-sector wage structure is less sensitive to differences in the attributes of jobs, and (2) differences in job attributes play in a major role in accounting for pay differences across sectors.     

The FTC in the 1980s

This paper reviews the antitrust activities of Federal Trade Commission during the 1980s with special emphasis on the role of economics and economists. We contrast the FTC during the 1980s to its record in the 1970s and conclude that the agency was more active during the 1980s than is popularly believed. Perhaps more significant than changes in the level of enforcement activity was the agency's move to a more economics-oriented approach to antitrust enforcement and an increased role for Commission economists. The paper also comments on what FTC economists learned about American industry during the 1980s.     

The Greek Public Sector Wage Premium before the Crisis: Size,Selection and Relative Valuation of Characteristics

We examine the Greek public–private wage differential before the debt crisis to evaluate the prospective impact of the recent public sector pay cuts. We find a large public premium which persists after controlling for individual and job characteristics. For men, much of this is accounted for by self‐selection into the sector that rewards better their characteristics, while for women it is largely driven by sectoral differences in returns. We attribute these effects to more egalitarian pay structures in the public sector and to demand problems in the private sector. The recent policy measures only partially change this situation, as wage deflation extends to the private sector, preserving public premia for the low paid.     

The great school milk conspiracies of the 1980s

Various dairy companies' allocation of school milk contracts using signalling, sham bids to honor incumbency and other devices are examined to determine whether bidding was collusive or pure oligopolistic interdependent behavior following noncooperative game theory. The schemes used to allocate contracts were found to be efficient methods for reaching agreements. Since pure interdependent (noncoorperative) behavior requires rivals to corelate signals, coordinate expectations, and resolve timing-uncertainty problems within sealed-bidding constraints, detailed analysis of the economic evidence of bidding practices requires rejection of a Nash equilibrium explanation for the behavior.     

Successful industrial innovation: critical factors for the 1990s

Not only is technology changing rapidly, but the process of the commercialisation of technological change—the industrial innovation process—is changing also. The paper traces developments in the dominant perceived model of industrial innovation from the simple linear 'technology push' and 'need pull' models of the 1960s and early 1970s, through the 'coupling model' of the late 1970s to early 1980s, to the 'integrated' model of today. The latter (the 4th Generation innovation process) marked a shift from perceptions of innovation as a strictly sequential process to innovation perceived as a largely parallel process. This shift owed much to observations of innovation processes in leading Japanese corporations. Recent developments indicate the possibilities attainable in the proposed 'strategic integration and networking' model, elements of which are already in place. According to this 5th generation model, innovation is becoming faster; it increasingly involves inter-company networking; and it employs a new electronic toolkit (expert systems and simulation modelling).     

Jobs Lost, Jobs Regained: An Analysis of Black/White Differences in Job Displacement in the 1980s

Over the period 1982–1991, black men were considerably more likely to experience job displacement than were white men, and following displacement, the likelihood of reemployment was substantially lower for black men. Using data from the 1984–1992 Displaced Worker Surveys, we find that black men experienced rates of job displacement that were 30 percent higher, and reemployment rates that were 30 percent lower than the corresponding rates for white men. We find that racial differences in education levels and occupational distributions explain part of these racial gaps in job displacement and reemployment, whereas racial differences in industry distributions worked to narrow these gaps.     

Two Cheers for Corporatism, One for the Market: Industrial Relations, Wage Moderation and Job Growth in the Netherlands

The success of economic policies in the Netherlands with regard to enhancing job growth and bringing down unemployment has attracted international attention, especially against the background of persistent high unemployment in many continental European countries. The paper considers the role of Dutch industrial relations, and in particular trade unions, in the turnaround from the 'Dutch disease' to the current 'employment miracle'. It is argued that Dutch unions, weakened by the severe jobs and membership crisis of the early 1980s but assured of continued institutional support, have chosen a public-regarding 'jobs before wages' strategy. The two main features are continued wage moderation and negotiated flexibility of working hours, particularly part-time jobs. The paper stresses the importance of co-ordination within the unions as well as between unions and employers, and compares the contents, causes and consequences of the two central accords of 1982 and 1993. Finally, it considers the renewal of Dutch corporatism in an environment of increased market pressure.     

The Role of Principal-Agent Conflicts in the 1980s Thrift Crisis

Agency theory suggests that many of the costs incurred by the taxpayer during the 1980s thrift crisis were the result of conflicts between principals and their agents. This study models the costs associated with three distinct types of agency conflicts involved in closing an insolvent thrift—conflicts between creditors and owners, between owners and managers, and between taxpayers and government officials. Using a model that controls for sample-selection bias, the study presents strong evidence that thrift owners effected wealth transfers from creditors by undertaking high-risk investments, and that government officials pursued policies that increased losses to the thrift deposit insurance fund which ultimately were funded by the taxpayer. The results do not show that managers effected wealth transfers from owners through expense-preference behavior, but rather that inefficient management increased the losses of the deposit insurance fund.     

European Economic Community industrial research priorities for the early 1980s

Respondents claimed that European effort on basic research rnay have so diminished that the long-term competitiveness of its industries is endangered. They saw a major role for the Commission in redressing this imbalance. There was little support for Commission sponsorship of applied industrial research. Some respondents felt that this could even be counter-productive by diluting effort in areas seen as important by industrial management. A role was seen for the commission in supporting more research on the legislative context and general environment in which industry operates ('contextual research'). The need for such research imposes a growing burden on industry and diverts scarce resources from work directly related to competitiveness.
A study sponsored by the Commission of the European Communities aimed to identify the types of R & D activity in aid of European industry that the Commission might support over the next three or four years. The findings are based on interviews with senior managers from some fifty firms, representing eight sectors of manufacturing industry in five European countries.     

The fall and rise of university engineering education in England in the 1980s

An evaluation of published statistical data on the numbers and entrance and exit qualifications of students in Engineering disciplines in English Universities from 1908–88 is presented. These reveal, on the one hand, a continuing decline in numbers but, on the other hand, a temporary rise then fall in mean entrance grades together with a small increase in mean exit grades. Possible reasons for these trends are examined.