Showing 1 - 10 of 41
Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …
Persistent link: https://www.econbiz.de/10014078744
In this paper we examine the impact of rises in inactivity on wages in the US economy and find evidence of a … impact of the unemployment rate itself. This pattern holds across recent decades in the US data, and the relationship … strengthens in recent years when variation in participation increases. We also examine the impact of long-term unemployment on …
Persistent link: https://www.econbiz.de/10013046850
pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations …. Its elasticity is approximately -0.1. -- wage determination ; unemployment ; wage curve ; Philips curve …
Persistent link: https://www.econbiz.de/10003391949
pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations …
Persistent link: https://www.econbiz.de/10012780053
Persistent link: https://www.econbiz.de/10012391263
Persistent link: https://www.econbiz.de/10011883494
not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …
Persistent link: https://www.econbiz.de/10013448558
Persistent link: https://www.econbiz.de/10014383455
pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …
Persistent link: https://www.econbiz.de/10010267487
Persistent link: https://www.econbiz.de/10000892177