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Do Immigrants Affect Firm-Specific Wages?
Malchow-Møller, Nikolaj; Munch, Jakob Roland; Rose … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
focused on the wage effects that result from changes in theaggregate labour supply in a competitive labour market. We argue … that if labour markets arenot fully competitive, the use of immigrants may also affect wage formation at the … effect works at least partly through a general effect on the wage norm inthe firm of hiring employees with poor outside …
Persistent link: https://www.econbiz.de/10005860487
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Starting Wages Respond to Employer´s Risk
Berkhout, Peter; Hartog, Joop - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Firms hiring fresh graduates face uncertainty on the future productivity of workers. Intuitively,one expects starting wages to reflect this. Formal analysis supports the intuition...
Persistent link: https://www.econbiz.de/10005861871
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Inflation Persistence and the Phillips Curve Revisited
Karanassou, Marika; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
A major criticism against staggered nominal contracts is that they give rise to the so called"persistency puzzle" – although they generate price inertia, they cannot account for thestylised fact of inflation persistence. It is thus commonly asserted that, in the context of thenew Phillips curve...
Persistent link: https://www.econbiz.de/10005863257