Tag
labor_economics
4 findings
Labour & employmentMacroeconomic Productivity-Compensation DecouplingFrom 1979 to 2018, net productivity grew by 69.6% while worker hourly compensation grew by only 11.6%. Real earnings for the top 0.1% grew by 340.7% (fifteen times faster than the bottom 90%), while earnings for the bottom 90% grew by 32.9%.Observational StudyLabour & employmentForeign Experience DiscountResumes with foreign qualifications and foreign experience received a 6.0% callback rate compared to 15.7% for native Canadian resumes. Adding one domestic Canadian job increased callback rates from 6.0% to 8.5%, while replacing all foreign experience with Canadian experience raised callback rates to 11.0% (p < 0.01).RCTLabour & employmentMarginal Propensity to Earn Out of WealthWinning a lottery prize reduces annual pre-tax earnings by approximately 1.066% of the prize amount per year (p < 0.001); a 1 million SEK windfall reduces pre-tax earnings by 10,660 SEK per year (5.5% of sample average) and after-tax earnings by 0.576% per year; calibrated dynamic models yield a lifetime marginal propensity to earn (MPE) ranging from -0.17 at age 20 to -0.04 at age 60.RCTLabour & employmentThe Post-Program Labor Market Dissipation EffectSYEP participation increased in-program job probability by 71 percentage points and yielded $1,085 in program earnings ($876 net gain after $209 crowd-out of alternative income), but reduced subsequent earnings by ~$100 annually across the three post-program years. OSC+ increased program-summer formal employment by 85 percentage points (from a 12% baseline) and earnings by ~$1,000, but exhibited zero statistically significant impact on post-program employment, earnings, grade point average, or college enrollment.RCT