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To examine the cyclical behavior of the skill-premium, this paper introduces implicit labor contracts in a DSGE model where production is characterized by capital-skill complementarity and the utilization of capital is endogenous. It is shown that this model can reproduce the observed cyclical...
Persistent link: https://www.econbiz.de/10010322786
To examine the cyclical behavior of the skill-premium, this paper introduces implicit labor contracts in a DSGE model where production is characterized by capital-skill complementarity and the utilization of capital is endogenous. It is shown that this model can reproduce the observed cyclical...
Persistent link: https://www.econbiz.de/10005811698
. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …
Persistent link: https://www.econbiz.de/10003825822
-term or indefinite-term contracts. Indefinite-term contracts are associated with higher wage protection than fixed … that the monthly wage of native workers covered by fixed-term contracts decreases in response to immigration, while …
Persistent link: https://www.econbiz.de/10011479736
. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …
Persistent link: https://www.econbiz.de/10013316455
. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …
Persistent link: https://www.econbiz.de/10003782417
; occupational upgrading ; wage structure ; wage setting ; overqualification …
Persistent link: https://www.econbiz.de/10003864477
cycle adjustment ; occupational upgrading ; wage structure ; wage setting ; overqualification …
Persistent link: https://www.econbiz.de/10003874228
considerably lower in Germany. -- Hiring standards ; business cycle adjustment ; occupational upgrading ; wage structure ; wage …
Persistent link: https://www.econbiz.de/10003943733
The occupational skill structure depends on the business cycle if employers respond to shortages of applicants during upturns by lowering their hiring standards. Devereux uses this implication to construct empirical tests for the notion of hiring standards adjustment (the so-called Reder...
Persistent link: https://www.econbiz.de/10013132090