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Wage dynamics and labor market transitions: a reassessment through total income and “usual” wages
Canon, Maria Eugenia; Pavan, Ronni - Federal Reserve Bank of St. Louis - 2014
We present a simple on-the-job search model in which workers can receive shocks to their employer-specific c productivity match. Because the firm-specific match can vary, wages may increase or decrease over time at each employer. Therefore, for some workers, job-to-job transitions are a way to...
Persistent link: https://www.econbiz.de/10011027336
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Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development
Wen, 文一; Luo, Jinfeng - Federal Reserve Bank of St. Louis - 2015
We use cross-country data and instrumental variables widely used in the literature to show that (i) institutions (such as property rights and the rule of law) do not explain industrialization and (ii) agrarian countries and industrial countries have entirely different determinants for income...
Persistent link: https://www.econbiz.de/10011124402
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Illegal Immigration and Fiscal Competition
bandyopadhyay, subhayu; Pinto, Santiago - Federal Reserve Bank of St. Louis - 2014
This paper examines illegal immigration in a spatial context. Consider two countries: a source and a host of illegal immigration. Both countries produce the same good employing labor. There are legal restrictions to the movement of labor across countries. The host country consists of two regions...
Persistent link: https://www.econbiz.de/10010942504
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Uniform working hours and structural unemployment
Liu, Haoming (contributor); Wen, Yi (contributor);  … - 2005
working schedules. This simple model can generate unemployment, even if wages adjust instantaneously, firms are perfectly … alternative explanation for why unskilled workers are a primary source of structural unemployment"--Federal Reserve Bank of St …
Persistent link: https://www.econbiz.de/10002956728
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A Bayesian approach to counterfactual analysis of structural change
Kim, Chang-jin (contributor); Morley, James C. (contributor) - 2004 - [Elektronische Ressource], rev.
Persistent link: https://www.econbiz.de/10002496905
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U. S. regional business cycles and the natural rate of unemployment
Wall, Howard J.; Zoega, Gylfi - Federal Reserve Bank of St. Louis - 2003
Estimates of the natural rate of unemployment are important in many macroeconomic models used by economists and policy … cycles do not move in lockstep and greater dispersion among regions can affect estimates of the natural rate of unemployment … constant, the reduction in the dispersion of regional unemployment rates between 1982 and 2000 would have meant a two …
Persistent link: https://www.econbiz.de/10005360582
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Uniform working hours and structural unemployment
Liu, Haoming; Wen, Yi; Zhu, Lijing - Federal Reserve Bank of St. Louis - 2005
working schedules. This simple model can generate unemployment, even if wages adjust instantaneously, firms are perfectly … alternative explanation for why unskilled workers are a primary source of structural unemployment. …
Persistent link: https://www.econbiz.de/10005352804
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Hawks, doves, bubbles, and inflation targets
Bullard, James - Federal Reserve Bank of St. Louis - 2012
April 16, 2012. "Hawks, Doves, Bubbles, and Inflation Targets" Presented at the George S. Eccles Distinguished Lecture, Jon M. Huntsman School of Business, Utah State University.
Persistent link: https://www.econbiz.de/10010727321
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Some unpleasant implications for unemployment targeters
Bullard, James - Federal Reserve Bank of St. Louis - 2013
April 17, 2013. Presentation. "Some Unpleasant Implications for Unemployment Targeters." 22nd Annual Hyman P. Minsky …
Persistent link: https://www.econbiz.de/10010727362