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Wealth, Pensions, Debt, and Savings: Considerations for a Panel Survey

Bucks, Brian K.; Pence, Karen M. - Federal Reserve Board (Board of Governors of the … - 2015

Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth accumulation remain somewhat unresolved. We consider whether measurement error on the existing suite of longitudinal surveys hinders their usefulness for addressing these...

Persistent link: https://www.econbiz.de/10011261277

Missing Variation in the Great Moderation: Lack of Signal Error and OLS Regression

Nalewaik, Jeremy J. - Federal Reserve Board (Board of Governors of the … - 2014

This paper studies measurement errors that subtract signal from true variables of interest, labeled lack of signal errors (LoSE). The effect on OLS regression of LoSE is opposite the conventional wisdom about classical measurement errors, with LoSE in the dependent variable, not the explanatory...

Persistent link: https://www.econbiz.de/10010784175

Evidence on nominal wage rigidity from a panel of U.S. manufacturing industries

Ghosal, Vivek; Loungani, Prakash - Federal Reserve Board (Board of Governors of the … - 1995

Using annual data for 450 manufacturing industries over the period 1958 to 1989, we establish the following stylized facts on the response of industry nominal wage growth to aggregate and industry influences: ; 1. We find support for the canonical wage contracts model outlined in Blanchard and...

Persistent link: https://www.econbiz.de/10005712723

Optimal monetary policy with staggered wage and price contracts

Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - Federal Reserve Board (Board of Governors of the … - 1999

-optimal equilibrium that would occur under completely flexible wages and prices; that is, the model exhibits a tradeoff between … stabilizing the output gap, price inflation, and wage inflation. The Pareto optimum is attainable only if either wages or prices …

Persistent link: https://www.econbiz.de/10005712759

The role of profits in wage determination: evidence from US manufacturing

Estevao, Marcello; Tevlin, Stacey - Federal Reserve Board (Board of Governors of the … - 1995

Persistent link: https://www.econbiz.de/10005513017

Movements of wages over the business cycle: an intra-firm view

Wilson, Beth Anne - Federal Reserve Board (Board of Governors of the … - 1997

This paper tests the hypothesis that firms adjust to the business cycle by altering employment through promotion and hiring and holding the salary structure and salaries assigned to jobs relatively constant. Two comprehensive firm-level panel datasets are used to examine salary setting and...

Persistent link: https://www.econbiz.de/10005514124

Nominal wage rigidity and real wage cyclicality

Estevao, Marcello M.; Wilson, Beth Anne - Federal Reserve Board (Board of Governors of the … - 1998

We discuss the ability of standard estimates of the correlation of wages and employment to measure the relative … and demand shocks, nor give an indication of the response of wages to aggregate demand shocks. Following this, we test the … predictions of a neo-Keynesian model for the correlation of employment and wages using restrictions generated by the model to …

Persistent link: https://www.econbiz.de/10005514138

Looking ahead: young men, wage growth, and labor market participation

Aaronson, Stephanie - Federal Reserve Board (Board of Governors of the … - 2001

single week per year. One common explanation for this trend, declining real wages, ignores the fact that the value of working … 1967 and 1977. Changes in wages do not explain any of this trend. …

Persistent link: https://www.econbiz.de/10005514139

Are shocks to labor demand transitory or persistent? Evidence from labor flows and wages

Starr-McCluer, Martha - Federal Reserve Board (Board of Governors of the … - 1993

Persistent link: https://www.econbiz.de/10005514173

Rents and quasi-rents in the wage structure: evidence from hostile takeovers

Neumark, David; Sharpe, Steven A. - Federal Reserve Board (Board of Governors of the … - 1994

Persistent link: https://www.econbiz.de/10005514195