Similar Search Results

How amenities affect job and wage choices over the life cycle

Nosal, Ed (contributor); Rupert, Peter (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002542613

A multi-sectoral approach to the U.S. Great Depression

Amaral, Pedro S.; MacGee, James C. - Federal Reserve Bank of Cleveland - 2009

We document sectoral differences in changes in output, hours worked, prices, and nominal wages in the United States …. One sector is assumed to have flexible nominal wages, while nominal wages in the other sector are set using Taylor …. Alternatively, if wages are set using Calvo-type contracts, the decline in output is even smaller. …

Persistent link: https://www.econbiz.de/10008636217

Job separations, heterogeneity, and earnings inequality

Amaral, Pedro S. - Federal Reserve Bank of Cleveland - 2009

Changes in the fraction of workers experiencing job separations can account for most of the increase in earnings dispersion that occurred both between, as well as within educational groups in the United States from the mid-1970s to the mid- 1980s. This is not true of changes in average earnings...

Persistent link: https://www.econbiz.de/10008636222

How amenities affect job and wage choices over the life cycle

Nosal, Ed; Rupert, Peter - Federal Reserve Bank of Cleveland - 2003

may be preferred to one with a high starting wage if the growth rate of wages is higher in the former than in the latter …

Persistent link: https://www.econbiz.de/10005728982

Unionization and cost of production: compensation, productivity, and factor-use effects

Eberts, Randall W.; Stone, Joe A. - Federal Reserve Bank of Cleveland - 1987

A demonstration that unionization can affect cost of production through increases in compensation, through shifts in technologies, and through deviations from the least-cost combination of inputs (the factor-use effect).

Persistent link: https://www.econbiz.de/10005729005

Rounding in earnings data

Schweitzer, Mark E.; Severance-Lossin, Eric K. - Federal Reserve Bank of Cleveland - 1996

A report showing that although rounding in earnings data is typically ignored, its systematic nature affects some commonly used statistics based on earnings data, particularly those focusing on a specific region of the wage distribution.

Persistent link: https://www.econbiz.de/10005729007

Rising inequality in a salary survey: another piece of the puzzle

Groshen, Erica L. - Federal Reserve Bank of Cleveland - 1991

A study of rising wage inequality based on data from a private salary survey conducted over the last three decades.

Persistent link: https://www.econbiz.de/10005729066

Magnification effects and acyclical real wages

Carlstrom, Charles T.; Gamber, Edward N. - Federal Reserve Bank of Cleveland - 1991

this type of model results in more employment variability and less-procyclical wages than do models without fixed hiring …

Persistent link: https://www.econbiz.de/10005729087

Estimating a firm's age-productivity profile using the present value of workers' earnings

Kotlikoff, Laurence J.; Gokhale, Jagadeesh - Federal Reserve Bank of Cleveland - 1991

In hiring new workers, risk-neutral employers equate the present expected value of each worker's compensation to the present expected value of higher productivity, Data detailing how present expected compensation varies with the age of hire embed, therefore, information about how productivity...

Persistent link: https://www.econbiz.de/10005729100

A note on sunspots with heterogeneous agents

Carroll, Daniel R.; Young, Eric R. - Federal Reserve Bank of Cleveland - 2009

This paper studies sunspot fluctuations in a model with heterogeneous households. We find that wealth inequality reduces the degree of increasing returns needed to produce indeterminacy, while wage inequality increases it. When the model is calibrated to match the joint distribution of hours,...

Persistent link: https://www.econbiz.de/10004973935