Good Jobs: The Growing Importance of Who You Work For

In the simple models that economists routinely use to think about the labour market there is no such thing as a “good job”: everyone is paid what they are worth, regardless of whom they work for. Common experience and a growing body of evidence from many different countries suggests that in fact different firms often pay higher or lower wages, and that the differentials between firms offering good and bad jobs are wider than ever. In this lecture, Professor Card will review this evidence and discuss the importance of firms’ pay and hiring policies for understanding wage inequality, the gender pay gap, the career profile of wages, and many other phenomena.

Above information is taken from the Department of Economics webpage.