Postcommunist Privatization and Productivity: What have We Learned? by John Earle
نویسنده
چکیده
The labor market practices of higher education and health care institutions, or other large local employers, may influence beliefs in local labor markets about the fairness of employer practices. If a few large employers in a local economy choose “high road” labor market practices, with higher wages, more internal promotion, and lower employee turnover, other local employers may emulate them.. However, we find that higher education industries pay over 14 percent less than the average industry, controlling for many worker characteristics. On the other hand, medical service industries pay about 5 percent more than the average industry. These wage findings are not just due to average pay for professors and doctors, but also reflect wages for workers with Bachelor’s or Associate’s degrees. The Bottom Line
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