http://www.bis.org/cbhub/list/author/author_1590/index.rss Research hub papers by author Matija Vodopivec en http://www.cnb.cz/miranda2/export/sites/www.cnb.cz/en/research/research_publications/cnb_wp/download/cnbwp_2009_05.pdf Czech National Bank Working papers by Kamil Galušcák, Mary Keeney, Daphne Nicolitsas, Frank Smets, Pawel Strzelecki, Matija Vodopivec The Determination of Wages of Newly Hired Employees: Survey Evidence on Internal versus External Factors 2010-04-07T17:40:00Z JEL Codes: J31, J41 The Determination of Wages of Newly Hired Employees: Survey Evidence on Internal versus External Factors 2010-04-07T17:40:00Z Abstract http://www.cnb.cz/en/research/research_publications/cnb_wp/2009/cnbwp_2009_05.html Full text http://www.cnb.cz/miranda2/export/sites/www.cnb.cz/en/research/research_publications/cnb_wp/download/cnbwp_2009_05.pdf Mary Keeney Matija Vodopivec Frank Smets Kamil Galušcák Daphne Nicolitsas Pawel Strzelecki Kamil Galušcák, Mary Keeney, Daphne Nicolitsas, Frank Smets, Pawel Strzelecki, Matija Vodopivec 2009-04 Czech National Bank Working papers J31 J41 http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1153.pdf European Central Bank Working papers by Kamil Galušcák, Mary Keeney, Daphne Nicolitsas, Frank Smets, Pawel Strzelecki, Matija Vodopivec, The determination of wages of newly hired employees: survey evidence on internal versus external factors, 2010-02-24T12:39:00Z (JEL: J31, J41) This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests that external labour market conditions are less important than internal pay structures in determining hiring pay, with internal pay structures binding even more often when there is labour market slack. When explaining their choice firms allude to fairness considerations and the need to prevent a potential negative impact on effort. Despite the lower importance of external factors in all countries there is significant cross-country variation in this respect. Cross-country differences are found to depend on institutional factors (bargaining structures); countries in which collective agreements are more prevalent and collective agreement coverage is higher report to a greater extent internal pay structures as the main determinant of hiring pay. Within-country differences are found to depend on firm and workforce characteristics; there is a strong association between the use of external factors in hiring pay, on the one hand, and skills (positive) and tenure (negative) on the other. The determination of wages of newly hired employees: survey evidence on internal versus external factors, 2010-02-24T12:39:00Z ECB Full text http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1153.pdf Mary Keeney Matija Vodopivec Frank Smets Kamil Galušcák Daphne Nicolitsas Pawel Strzelecki Kamil Galušcák, Mary Keeney, Daphne Nicolitsas, Frank Smets, Pawel Strzelecki, Matija Vodopivec, 2010-02-23 European Central Bank Working papers