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NBER International Seminar on Macroeconomics 2006

Reichlin, Lucrezia (contributor); … - National Bureau of Economic Research - 2008

Persistent link: https://www.econbiz.de/10003655859

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - National Bureau of Economic Research - 2023

While the labor market implications of mergers have been historically ignored as "out of market" effects, recent actions by the Department of Justice (DOJ) place buyer market power (i.e., monopsony) at the forefront of antitrust policy. We develop a theory of multi-plant ownership and monopsony...

Persistent link: https://www.econbiz.de/10014250165

The Wealth of Working Nations

Fernández-Villaverde, Jesús; Ventura, Gustavo; Yao, Wen - National Bureau of Economic Research - 2023

Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...

Persistent link: https://www.econbiz.de/10014437045

Wage and Earnings Inequality Between and Within Occupations : The Role of Labor Supply

Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2023

We document systematic differences in wage and earnings inequality between and within occupations and show that these differences are intimately related to systematic differences in labor supply across occupations. We then develop a variant of a Roy model in which earnings are a non-linear...

Persistent link: https://www.econbiz.de/10014372422

Monopolistic Competition and Labor Market Adjustment in the Open Economy

Aizenman, Joshua - 1987

This paper explains prices, output and employment adjustment In an open economy characterized by a monopolistic competitive market structure where goods prices are flexible while wages are determined by contracts that pre-set the wage path for several periods. The paper solves the rational...

Persistent link: https://www.econbiz.de/10012476917

International Welfare and Employment Linkages Arising from Minimum Wages

Egger, Hartmut - 2009

marginal and average firm productivity are reversed in our model, yet there are significant gains from trade arising from …

Persistent link: https://www.econbiz.de/10012463453

Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets

Blanchard, Olivier - 2001

Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with strong distribution and dynamic effects. The transition may...

Persistent link: https://www.econbiz.de/10012470609

Inflation dynamics with labour market matching: assessing alternative specifications

Christoffel, Kai; Costain, James S.; De Walque, Gregory; … - European Central Bank - 2009

This paper reviews recent approaches to modeling the labour market and assessestheir implications for ination dynamics through both their e¤ect on marginalcost and on price-setting behaviour. In a search and matching environment, weconsider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10005866597

Downward wage rigidity and optimal steady-state inflation

Fagan, Gabriel; Messina, Julián - European Central Bank - 2009

This paper examines the impact of downward wage rigidity (nominal and real) onoptimal steady-state inflation. For this … andFinland). The calibrated heterogeneous agent models are then solved for differentsteady state rates of inflation to derive …

Persistent link: https://www.econbiz.de/10005866626

Inflation and Labor-Market Adjustment

Hamermesh, Daniel S. - 1983

relative wage changes in the presence of price inflation are examined. Rigidity implies that unexpected inflation will raise … the variability of relative wage changes; contracting implies unexpected inflation reduces variability. Using data on … relative wage cnanges is reduced by greater price inflation. Most of the reduction is a response to unexpected inflation …

Persistent link: https://www.econbiz.de/10012477948