Pub Date : 2021-03-01DOI: 10.1016/j.jge.2021.100002
Christos A. Makridis
The government is facing a severe shortage of skilled workers. The conventional wisdom in branches of policy and public administration is that the shortage is driven by low salaries that are not competitive for attracting top talent. Using longitudinal data on high skilled workers between 1993 and 2013, this paper shows that, if anything, government employees earn more than their private sector counterparts. Although government workers tend to earn less in the raw data, these differences are driven by the correlation between unobserved productivity and selection into private sector jobs. Instead, this paper provides empirical evidence that low non-pecuniary amenities, such as development opportunities and management, can explain earnings differences between the public and private sectors.
{"title":"(Why) Is There a Public/Private Pay Gap?","authors":"Christos A. Makridis","doi":"10.1016/j.jge.2021.100002","DOIUrl":"https://doi.org/10.1016/j.jge.2021.100002","url":null,"abstract":"<div><p>The government is facing a severe shortage of skilled workers. The conventional wisdom in branches of policy and public administration is that the shortage is driven by low salaries that are not competitive for attracting top talent. Using longitudinal data on high skilled workers between 1993 and 2013, this paper shows that, if anything, government employees earn more than their private sector counterparts. Although government workers tend to earn less in the raw data, these differences are driven by the correlation between unobserved productivity and selection into private sector jobs. Instead, this paper provides empirical evidence that low non-pecuniary amenities, such as development opportunities and management, can explain earnings differences between the public and private sectors.</p></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"1 ","pages":"Article 100002"},"PeriodicalIF":0.0,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jge.2021.100002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137369069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-03-01DOI: 10.1016/j.jge.2021.100005
David Daokui Li , Eric S. Maskin
In this paper, we discuss the field of government and economics, an emerging body of work that aims to better understand government's role, incentives and behavior in a modern market economy, as well as how government actions shape the economy's performance.
In the first part of the paper, we present evidence that the size and scope of government in market economies have grown much larger since the industrial revolution. We then briefly examine particular periods in the histories of the U.S., Germany, Japan, South Korea, and China when these countries’ governments played an especially vigorous role in promoting rapid economic growth. We also provide statistical evidence that, across countries, more robust market-supporting behavior from governments is associated with higher per capita income and faster growth.
The second part begins with a review of existing areas of economic research suggesting that, so far, the discipline has neglected some significant questions concerning government as an active player in a modern market economy.
Finally, we propose a number of possible future research topics that we think are tailored for the new field of government and economies.
{"title":"Government and economics: An emerging field of study","authors":"David Daokui Li , Eric S. Maskin","doi":"10.1016/j.jge.2021.100005","DOIUrl":"10.1016/j.jge.2021.100005","url":null,"abstract":"<div><p>In this paper, we discuss the field of <em>government and economics</em>, an emerging body of work that aims to better understand government's role, incentives and behavior in a modern market economy, as well as how government actions shape the economy's performance.</p><p>In the first part of the paper, we present evidence that the size and scope of government in market economies have grown much larger since the industrial revolution. We then briefly examine particular periods in the histories of the U.S., Germany, Japan, South Korea, and China when these countries’ governments played an especially vigorous role in promoting rapid economic growth. We also provide statistical evidence that, across countries, more robust market-supporting behavior from governments is associated with higher per capita income and faster growth.</p><p>The second part begins with a review of existing areas of economic research suggesting that, so far, the discipline has neglected some significant questions concerning government as an active player in a modern market economy.</p><p>Finally, we propose a number of possible future research topics that we think are tailored for the new field of government and economies.</p></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"1 ","pages":"Article 100005"},"PeriodicalIF":0.0,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jge.2021.100005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80096278","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
扫码关注我们
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号