Wage Profiles: Shape and Variations

Kazuhiro Arai

The Manchester School of Economic & Social Studies, 1997, vol. 65, issue 3, 244-58

Abstract: This paper shows that wage profiles become similar to expenditure profiles and exhibit similar variations if the firm plays the roles of financial institutions and/or government when the latter institutions do not function perfectly for workers. Wage profiles slope upwards because of intergenerational transfers among the firm's workers reflecting their preferences over life-cycle consumption. Variations arise when there are generational differences in consumption because of the firm's absorption of risk concerning the price of consumption goods or because of intergenerational risk-sharing. The shape of the wage profile is affected by how well other institutions function. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:65:y:1997:i:3:p:244-58

Access Statistics for this article

More articles in The Manchester School of Economic & Social Studies from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().