How Wages Change: Micro Evidence from the International Wage Flexibility Project

How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which we obtain a total of 360 wage change distributions. We find a remarkable amount of variation in wage changes across workers. Wage changes have a notably non-normal distribution; they are tightly clustered around the median and also have many extreme values. Furthermore, nearly all countries show asymmetry in their wage distributions below the median. Indeed, we find evidence of both downward nominal and real wage rigidities. We also find that the extent of both these rigidities varies substantially across countries. Our results suggest that variations in the extent of union presence in wage bargaining play a role in explaining differing degrees of rigidities among countries.Wage setting, Wage change distributions, Downward nominal wage rigidity, Downward real wage rigidity

The interaction of labor markets and inflation: analysis of micro data from the International Wage Flexibility Project

Inflation can “grease” the wheels of economic adjustment in the labor market by relieving the constraint imposed by downward nominal wage rigidity, but not if there is also substantial downward real wage rigidity. At the same time, inflation can throw “sand” in the wheels of economic adjustment by degrading the value of price signals. A number of recent studies suggest that wage rigidity is much more important for business cycles and monetary policy than previously believed (see Erceg, Henderson and Levin, 2000, Smets and Wouters, 2003, and Hall, 2005). Thus, our results on how wage rigidity and other labor market imperfections vary between countries and how they are affected by the rate of inflation should be of considerable value in formulating monetary policy and conducting related research.

How wages change: micro evidence from the International Wage Flexibility Project

How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which we obtain a total of 360 wage change distributions. We find a remarkable amount of variation in wage changes across workers. Wage changes have a notably non-normal distribution; they are tightly clustered around the median and also have many extreme values. Furthermore, nearly all countries show asymmetry in their wage distributions below the median. Indeed, we find evidence of both downward nominal and real wage rigidities. We also find that the extent of both these rigidities varies substantially across countries. Our results suggest that variations in the extent of union presence in wage bargaining play a role in explaining differing degrees of rigidities among countries. JEL Classification: E3, J3, J5Downward nominal wage rigidity, Downward real wage rigidity, Wage change distributions, Wage setting

How wages change : micro evidence from the International Wage Flexibility Project

How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which we obtain a total of 360 wage change distributions. We find a remarkable amount of variation in wage changes across workers. Wage changes have a notably non-normal distribution; they are tightly clustered around the median and also have many extreme values. Furthermore, nearly all countries show asymmetry in their wage distributions below the median. Indeed, we find evidence of both downward nominal and real wage rigidities. We also find that the extent of both these rigidities varies substantially across countries. Our results suggest that variations in the extent of union presence in wage bargaining play a role in explaining differing degrees of rigidities among countriesWage setting, Wage change distributions, Downward nominal wage rigidity, Downward real wage rigidity

A relativistic study of Bessel beams

We present a fully relativistic analysis of Bessel beams revealing some noteworthy features that are not explicit in the standard description. It is shown that there is a reference frame in which the field takes a particularly simple form, the wave appearing to rotate in circles. The concepts of polarization and angular momentum for Bessel beams is also reanalyzed.Comment: 11 pages, 2 fig

EU Peatlands: Current Carbon Stocks and Trace Gas Fluxes

Peatlands in Europe has formed a significant sink for atmospheric CO2 since the last glacial maximum. Currently they are estimated to hold ca. 42 Gt carbon in the form of peat and are therefore a considerable component in the European carbon budget. Due to the generally wet soil conditions in peatlands they are also significant emitters of the strong greenhouse gas (GHG) methane (CH4) and in some cases also of nitrous oxide (N2O). The EU funded CarboEurope-GHG Concerted Action attempts to develop a reliable and complete greenhouse gas budget for Europe and this report aims to provide a review and synthesis of the available information about GHG exchanges in European peatlands and their underlying processes. A best estimate for all the European countries shows that some are currently sinks for atmospheric CO2 while others are sources. In contrast, for CH4 and N2O, only the sources are relevant. Whilst some countries are CO2 sinks, all countries are net GHG emitters from peatlands. The results presented, however, carry large uncertainties, which cannot be adequately quantified yet. One outstanding uncertainty is the distribution of land use types, particular in Russia, the largest European peat nation. The synthesis of GHG exchange, nevertheless, indicates some interesting features. Russia hosts an estimated 41% of European peatlands and contributes most to all GHG exchanges (CO2: 25%, CH4: 52%, N2O: 26%, Total: 37%). Germany is the second-largest emitter (12% of European total) although it contains only 3.2% of European peatlands. The reason is the use of most of the peatland area for intensive cropland and grassland. The largest CO2 emitters are countries with large agricultural peatland areas (Russia, Germany, Belarus, Poland), the largest N2O emitters are those with large agricultural fen areas (Russia, Germany, Finland). In contrast, the largest CH4 emitters are concentrated in regions with large areas of intact mires, namely Russia and Scandinavia. High average emission densities above 3.5 t C-equiv. ha-1 are found in the Southeast Mediterranean, Germany and the Netherlands where agricultural use of peatlands is intense. Low average emission densities below 0.3 t C-equiv. ha-1 occur where mires and peatland forests dominate, e.g. Finland and the UK. This report concludes by pointing at key gaps in our knowledge about peatland carbon stocks and GHG exchanges which include insufficient basic information on areal distribution of peatlands, measurements of peat depth and also a lack of flux datasets providing full annual budgets of GHG exchanges

Luenhan pikriitit keskisestä Mosambikista - Viestintuojia Karoon laakiobasalttien vaippapluumilähteestä?

We present geochemical and isotopic (Nd, Sr) data for a picrite lava suite from the Luenha River and adjacent areas in Mozambique. The Luenha picrites represent a previously unknown type of picrites related to the Karoo large igneous province (LIP) and are distinguished by their notably low TiO2 contents (0.3-1.0 wt%) and coupling of high Nb/Y with low Zr/Y and Sm/Yb. Relatively high CaO and low Zn/Fe point to a peridotitic mantle source. Contamination-sensitive incompatible element ratios show that one lava flow is likely to be uncontaminated by the crust and its composition suggests a mantle source with primitive mantle-like incompatible element ratios and mildly depleted isotopic ratios (initial Sr-87/Sr-86 = 0.7041 and epsilon(Nd) = +1.4 at 180 Ma). The primary melts of the Luenha picrites had MgO contents in the range of 13-21 wt%. Our preferred estimate for a primary melt composition (MgO = 18 wt%) resembles experimental melts of fertile mantle peridotite at 3-4 GPa and indicates liquidus temperature of 1445-1582 degrees C. Geochemical similarities suggest the Luenha picrites were generated from the same overall primitive mantle-like reservoir that produced the main volume of Karoo flood basalts in the Karoo, Kalahari, and Zambezi basins, whereas the previously identified enriched and depleted (upper) mantle sources of Karoo picrite suites (Mwenezi, Antarctica) were subordinate sources for flood basalts. We propose that the Luenha picrites record melting of a hot, chemically primitive mantle plume source that may have been rooted in the sub-African large low shear velocity province boundary and that such a source might have been the most significant magma source in the Karoo LIP. (C) 2019 The Author(s). Published by Elsevier B.V.Peer reviewe

Raskaat harvinaiset maa-alkuaineet ja laakiobasalttien lähteet

Editor's ChoiceHeavy rare earth elements (HREEs) in mafic and ultramafic volcanic rocks are useful recorders of mantle source processes because their ratios are not easily modified by differentiation. Here we utilize REEBOX PRO, a simulator of adiabatic decompression melting of the mantle, to study the behavior of HREEs in the formation of continental flood basalt (CFB) parental magmas in the mantle. We simulate partial melting of depleted peridotite, pyrolitic peridotite, pyroxenite, and peridotite-pyroxenite mixtures at mantle potential temperatures of 1350-1650 degrees C and lithospheric thicknesses of 50-150 km, and compare the results to natural data. Many large igneous provinces are typified by low-Ti and high-Ti CFBs with contrasting HREE patterns. Our results show that low-Ti CFBs originate mainly from peridotitic sources. Flat mid-ocean ridge basalt-like HREE patterns typical of low-Ti CFBs can be generated beneath thick lithosphere (similar to 100 km), given that mantle potential temperatures are high (>1500 degrees C) and garnet is completely consumed from the source. We thus challenge the common interpretation that flat HREE patterns always indicate shallow sources for CFB parental magmas. High-Ti CFBs require pyroxenite-bearing sources (>= 10%). Contrary to a common view, their steep oceanic island basalt-like HREE patterns can be generated beneath quite a thin lithosphere (similar to 50 km), which is due to increased garnet stability in pyroxenite sources. When applied to CFBs of the Karoo large igneous province, the results are compatible with a model where a mantle plume penetrates a progressively thinning Gondwana lithosphere.Peer reviewe

Impacts of winter feeding of reindeer on vegetation and soil in the sub-Arctic: insights from a feeding experiment

The overall impacts of winter feeding, including the effects of both forage and reindeer (Rangifer tarandus), were studied in an experiment in the Hammastunturi herding cooperative (68°N), Finland, with 300 reindeer in a sub-xeric heath forest (35 ha) during March/April 2009 and 2010. The feeding practices on the 50 plots were: (1) feeding with grass silage+hay with leftovers cleared in the spring; (2) feeding with grass silage+hay with leftovers not cleared; and (3) feeding with pellets. In addition, (4) unfenced and (5) fenced control plots were included, on which the reindeer were not fed. No invasive plant species introduced through grass silage+hay were observed on the plots. The coverage of Deschampsia flexuosa increased on grass silage+hay plots after the first winter, and both coverage and height of the grass increased after the second winter. The coverage of Dicranum sp. and Pleurozium schreberi was lower on plots where reindeer were fed with grass silage (leftover silage not cleared) vs. controls. Some dwarf shrubs, e.g., Calluna vulgaris, showed a similar response after the second winter. The N content of Empetrum nigrum was higher on grass silage plots (leftover silage not cleared) after the first winter vs. controls. After two winters, the N content of both E. nigrum and Vaccinium myrtillus was increased. Of the soil variables studied, C/N decreased on grass silage+hay plots vs. fenced controls. We conclude that even a moderate level of feeding may cause changes that can lead to a gradual shift from nutrient-poor heath forest towards a more nutrient-rich type