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Risk Sharing in Labor Markets

Empirical work in labor economics has focused on rent sharing as an explanation for the observed correlation between wages and profitability. The alternative explanation of risk sharing between workers and employers has not been tested. Using a uni...

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Bibliographic Details
Main Authors: Bigsten, Arne, Collier, Paul, Dercon, Stefan, Fafchamps, Marcel, Gauthier, Bernard, Gunning, Jan Willem, Oduro, Abena, Oostendorp, Remco, Pattillo, Cathy, Soderbom, Mans, Teal, Francis, Zeufack, Albert
Language:English
en_US
Published: Washington, DC: World Bank 2014
Subjects:
AVERAGE WAGE
AVERAGE WAGES
BARGAINING
BARGAINING POWER
BORROWING
CAPITAL STOCK
COBB-DOUGLAS PRODUCTION FUNCTION
COMMERCIAL CONTRACTS
COMPETITIVE MODEL
CONTRACT ENFORCEMENT
CONTRACTUAL RELATIONS
CREDIT MARKET
CREDIT MARKETS
CREDIT RATIONING
CRISES
DEVELOPING COUNTRY
DEVELOPMENT ECONOMICS
DISPUTE ยจ RESOLUTION
DUMMY VARIABLES
ECONOMETRIC ANALYSIS
ECONOMIC DEVELOPMENT
ECONOMIC PERFORMANCE
ECONOMIC RENTS
EFFICIENCY WAGES
ELASTICITY
EMPLOYEE
EMPLOYMENT
EQUILIBRIUM UNEMPLOYMENT
EXCHANGE RATE
EXOGENOUS SHOCKS
EXPECTED VALUE
EXPORTS
FINANCIAL MARKETS
FIRM PERFORMANCE
FIRM SIZE
GOVERNMENT INTERVENTION
HIGH WAGE
HOLDING
HUMAN CAPITAL
IMPLICIT CONTRACT
IMPLICIT CONTRACTS
INCOME
INEFFICIENCY
INFORMAL CREDIT
INSTRUMENT
INSURANCE
INSURANCE MARKET
INSURANCE MARKETS
INTERNATIONAL BANK
INVENTORIES
LABOR CONTRACTS
LABOR ECONOMICS
LABOR FORCE
LABOR MARKET
LABOR MARKETS
LABOR SUPPLY
LABOR TURNOVER
LIQUID ASSETS
LIQUIDITY
LIQUIDITY CRISES
MISSING MARKETS
MONETARY FUND
NEGATIVE SHOCK
NEGATIVE SHOCKS
OCCUPATION
OPTIMAL CONTRACT
PERMANENT SHOCK
PERMANENT SHOCKS
POLITICAL ECONOMY
PRICE VOLATILITY
PRIMARY EDUCATION
PRODUCTION FUNCTION
PRODUCTION WORKERS
PRODUCTIVITY
RATES OF RETURN
RENTS
RISK AVERSE
RISK AVERSION
RISK PREMIUM
RISK SHARING
STOCKS
SUPPLIERS
SUPPLY CURVE
TOTAL OUTPUT
TOTAL WAGE
TRANSACTION
TRANSACTION COSTS
UNEMPLOYED
UNEMPLOYMENT
VALUE ADDED
WAGE BARGAINING
WAGE BILL
WAGE DIFFERENTIALS
WAGE EFFECT
WAGE INCREASE
WAGE LEVELS
WAGE PREMIUM
WAGE RATE
WAGE RATES
WAGE RIGIDITY
WAGES
WORK EXPERIENCE
WORKER
WORKER HETEROGENEITY
WORKERS
Online Access:http://documents.worldbank.org/curated/en/2003/09/17742612/risk-sharing-labor-markets
http://hdl.handle.net/10986/17184

Internet

http://documents.worldbank.org/curated/en/2003/09/17742612/risk-sharing-labor-markets
http://hdl.handle.net/10986/17184

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