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Using new quarterly data for hours worked in OECD countries, Ohanian and Raffo (2011) argue that in many OECD countries, particularly in Europe, hours per worker are quantitatively important as an intensive margin of labor adjustment, possibly because labor market frictions are higher than in...
Persistent link: https://www.econbiz.de/10009321252
Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment …
Persistent link: https://www.econbiz.de/10005772474