Is Bigger Still Better? The Decline of the Wage Premium at Large Firms.

This study shows that the wage premium paid by large firms fell over the past 20 years and that this decline in the size premium is most pronounced among the least educated workers. Empirical evidence supports several explanations for the shrinking size premium. First, there has been a convergence i...

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Publicado en:Southern Economic Journal Vol. 78; no. 4; pp. 1181 - 1202
Autores principales: Even, William E., Macpherson, David A.
Formato: Artículo
Publicado: Wiley-Blackwell Apr2012
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Is Bigger Still Better? The Decline of the Wage Premium at Large Firms.
      aug:
        au:
          Even, William E.
          Macpherson, David A.
        affil:
          Raymond E. Glos Professor of Economics, Miami University, Oxford, OH 45056, USA
          E.M. Stevens Professor of Economics, Trinity University, San Antonio, TX 78212, USA
      su:
        Wages
        Employees
        Cost effectiveness
        Business enterprises
        Labor economics
      sug:
        subj:
          Wages
          Employees
          Cost effectiveness
          Business enterprises
          Labor economics
      ab: This study shows that the wage premium paid by large firms fell over the past 20 years and that this decline in the size premium is most pronounced among the least educated workers. Empirical evidence supports several explanations for the shrinking size premium. First, there has been a convergence in the returns to worker characteristics at large and small firms over time. Second, small and large firms are hiring more workers with similar characteristics. Particularly important are the declining share of workers at large manufacturing firms and the rising share of workers at large retail firms. Also, the greater decline of unionism at large firms has contributed significantly to the decline in the size premium.
      pubtype: Academic Journal
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      src: R
    language: English
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