The Institute for Employment Research (IAB) is pleased to host an international workshop on recent developments in wage determination, distribution, and job skills from 14-15 June.
The traditional human capital model of wage determination fails to explain why wage disparities exist within or between firms, as firms themselves are deemed irrelevant. However, the availability of new data, such as employer-employee matched data sets, makes it possible to better explore issues of wage inequality. Consequently, models examining the sorting of workers across firms with varying productivity levels have gained importance. Our international conference aims to contribute to a better understanding of wage determination, distribution, and job skills.
Our outstanding speakers will address the significant rise in earnings inequality witnessed across numerous countries and the factors contributing to these developments. They will discuss the role of individual determinants of wage inequality, including tenure and job mobility, as well as firm characteristics and labor market institutions, and they will delve into the effects of wage losses following job displacement and the wage elasticity of recruitment.