The Effect of Regional Competition and Company-sponsored Training on the Productivity-Wage Wedge

Tina Hinz and Jens Mohrenweiser

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: The new training literature argues that imperfect labour market competition drives a wedge between productivity and wage increases in skills. We apply recent advancements in the estimation of production and wage functions to show a compressed wage structure in Germany. We also use regional and industry variation in labour market competitiveness and show that there is a premium on productivity and wages,but the productivity-wage wedge does not diminish in labour markets that are more competitive.

JEL-codes: J24 M53 R23 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cta, nep-eff and nep-ure
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168292

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