On the interpretation of covariate estimates in independent competing-risks models

Article Abstract:

An interpretation of covariate estimates in independent competing-risks models reveals that the estimated qualitative effect of a covariate on the hazard for risk j normally imparts no information on its qualitative effect on either the likelihood of or expected duration to exit via j. This is explained by the fact that such measures depend on both the qualitative and quantitative effects of the covariate on all the hazards in the model. Data on the unemployment to re-employment transitions of a sample of 856 male job losers in the UK to illustrate this point.

Models, Usage, Competing risks, Failure time data analysis

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Internal and external forces in sectoral wage formation: evidence from the Netherlands

Article Abstract:

A study has been conducted to assess the role of internal and external factors in sectoral wage formation in the Netherlands. The study utilized a pooled cross-section of time series of annual data for 18 sectors and for the market sector as a whole for the years 1963 up to 1990. Separate estimation results for the industrial sector and service sectors revealed differences in wage formation. Wages were found to be almost fully related to the macro wage rate in the industrial sector. This indicated the presence of of weak insider power.

Wage Administration, Economic aspects, Netherlands, Compensation management, Cost and standard of living, Cost of living

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Insider-outsider effects in wage formation: an empirical survey

Article Abstract:

An empirical survey of the relationship of unemployment with trends in wages results in several conclusions. These are: previous employment has a positive but minimal effect on wage rate, unemployment has a definite impact on wage formation especially on a long-term basis, endogenous or firm-level factors also influence wages and there is the existence of duration effects that prolongs unemployment.

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