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-known case of bunching in wage setting decisions: From February to May, most firms set wages that remain in place until the … fraction of firms adjust wages in the last quarter of the calendar year. In contrast, wage agreements in Germany are well …
Persistent link: https://www.econbiz.de/10008465691
that the size of one’s birth cohort affects wages throughout one’s working life, with members of relatively large cohorts …
Persistent link: https://www.econbiz.de/10005379784
This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at the industry level. Based on a nonparametric statistical method, which allows for country- and year-specific variation in both the...
Persistent link: https://www.econbiz.de/10005713281
monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and … for which the response of wages is modest relative to the response of employment, as appears to be the case in U.S. data …, for certain parameters, the model can explain both the standard deviations of employment and wages and the correlation …
Persistent link: https://www.econbiz.de/10005713302
to husbands’ wages and other family income. Now that the rapid rise in married women’s participation has slowed and even … through 2006, we find that the decline in responsiveness to husbands’ wages has come to an end—at least for the time being …—and even find evidence of rising responsiveness to husbands’ wages. This increase in the cross-wage elasticity of participation …
Persistent link: https://www.econbiz.de/10005713313
It is widely recognized that inequality of labor market earnings in the United States grew dramatically in recent decades. Over the course of more than three decades, wage growth was weak to nonexistent at the bottom of the distribution, strong at the top of the distribution, and modest at the...
Persistent link: https://www.econbiz.de/10005717455
This paper presents a complete general equilibrium model with flexible wages, where the degree to which wages and … tempers the bargaining power of workers and thus dampens the increase in their real wages. The procyclical movement of wages …
Persistent link: https://www.econbiz.de/10005501370
-induced improvements in the banking system boosted blacks’relative wages by facilitating the entry of new firms and reducing the …
Persistent link: https://www.econbiz.de/10010598243
period 1996–1999. The SIPP provides high-frequency information on wages, employment, and demographic characteristics for a … correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will …
Persistent link: https://www.econbiz.de/10008764354
A consensus in macroeconomics holds that the observed higher-frequency movements in employment and hours of work are movements along a labor-supply function caused by shifts of the labor demand function. Recent theoretical thinking has extended this view to include fluctuations in unemployment,...
Persistent link: https://www.econbiz.de/10005389823