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National Wage Setting / Jonathon Hazell, Christina Patterson, Heather Sarsons, Bledi Taska.
- Format:
- Book
- Author/Creator:
- Hazell, Jonathon.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30623.
- NBER working paper series no. w30623
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- How do firms set wages across space? Using job-level vacancy data and a survey of HR managers, we show that 40-50% of a job's posted wages are identical across locations within a firm. Moreover, nominal posted wages within the firm vary relatively little with local prices, a pattern we verify with other measures of job level wages. Using the co-movement of wage growth across establishments, we argue these patterns reflect national wage setting---a significant minority of firms choose to set the same nominal wage for a job across all their establishments, despite varying local labor market conditions.
- Notes:
- Print version record
- November 2022.
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