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Some evidence on the importance of sticky wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
Persistent link: https://www.econbiz.de/10003983614
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Sticky Wages on the Layoff Margin
Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs, and one third would accept a 25 percent cut....
Persistent link: https://www.econbiz.de/10014337762
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Unemployment crises
Petrosky-Nadeau, Nicolas; Zhang, Lu - 2014 - Last rev.: July 16, 2014
A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to labor market conditions, along with the congestion...
Persistent link: https://www.econbiz.de/10010411443
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The Wage Curve After the Great Recession
Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - National Bureau of Economic Research - 2022
infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and … formation in the USA and hasn't been since the Great Recession. Instead, we show rates of under-employment (the percentage of …
Persistent link: https://www.econbiz.de/10013361977
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Some Evidence on the Importance of Sticky Wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - National Bureau of Economic Research (NBER) - 2010
consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10008627125
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Rent Rigidity, Asymmetric Information, and Volatility Bounds in Labor
Bruegemann, Bjoern; Moscarini, Giuseppe - In: Review of Economic Dynamics 13 (2010) 3, pp. 575-596
Two thirds of US unemployment volatility is due to fluctuations in workers' job finding rate. In search and matching models, aggregate productivity shocks generate such fluctuations: through firms recruiting effort, they affect the rate at which workers and firms come into contact....
Persistent link: https://www.econbiz.de/10008504401
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Wage and Price Phillips Curves: Some results for the U.S. Economy
Chen, Pu; Flaschel, Peter - In: Bulletin of the Czech Econometric Society 12 (2005)
-pressure, matters both in the labor market and the market for goods in the determination of wage and price inflation. vVe consider from … the theoretical perspective and estimate for the USA, using OLS and more advanced methods, both separately and … wages are more flexible than prices with respect to their respective demand pressure terms and that price inflation …
Persistent link: https://www.econbiz.de/10008540607
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Occupational licensing and job mobility in the United States
Hermansen, Mikkel Nørlem - 2019
This paper studies the association between occupational licensing and job hire and job separation rates along with earnings of job stayers and job-to-job movers. In contrast to previous studies, it attempts to provide macro-level estimates by relying on a novel Job-to-Job Flows database from the...
Persistent link: https://www.econbiz.de/10012202931
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The Shift to Remote Work Lessens Wage-Growth Pressures
Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; … - National Bureau of Economic Research - 2022
Blanchard (2022) highlights in his analysis of near-term inflation pressures. The amenity-values gains associated with the …
Persistent link: https://www.econbiz.de/10013334415
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Heterogeneity in the dynamics of disaggregate unemployment
Ahn, Hie Joo - 2016 - This version: July 29th, 2016
This paper explores the role that unobserved heterogeneity within an observed category plays in the dynamics of disaggregate unemployment and in the cross-sectional differences across individuals of the duration of unemployment spells. The distribution of unobserved heterogeneity is...
Persistent link: https://www.econbiz.de/10011578275