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How Rigid are Nominal Wages? Evidence and Implications for Germany

Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001

find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …

Persistent link: https://www.econbiz.de/10005822114

Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen

Beissinger, Thomas; Knoppik, Christoph - Institute for the Study of Labor (IZA) - 2003

presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by hindering real wage …Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … möglicherweise zu erhöhter gleichgewichtiger Arbeitslosigkeit. Dieser Aufsatz analysiert die wachsende Evidenz zu nach unten starren …

Persistent link: https://www.econbiz.de/10005566472

Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001

Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2005

This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...

Persistent link: https://www.econbiz.de/10005822909

The Macroeconomics of the Labor Market: Three Fundamental Views

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

Persistent link: https://www.econbiz.de/10005763692

Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories

Kudlyak, Marianna; Lange, Fabian - Institute for the Study of Labor (IZA) - 2014

We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...

Persistent link: https://www.econbiz.de/10011094076

Wage Posting or Wage Bargaining? Evidence from the Employers' Side

Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2013

Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...

Persistent link: https://www.econbiz.de/10010959640

Bargaining Frictions and Hours Worked

Auray, Stéphane; Danthine, Samuel - Institute for the Study of Labor (IZA) - 2005

A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour and GDP per capita, (ii) differences in employment, (iii) differences in the proportion of part-time work across countries. The model predicts that the higher the level of...

Persistent link: https://www.econbiz.de/10005822396

Calvo Wages in a Search Unemployment Model

Bodart, Vincent; Pierrard, Olivier; Sneessens, Henri R. - Institute for the Study of Labor (IZA) - 2006

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable … unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in … unemployment. …

Persistent link: https://www.econbiz.de/10005763722

Determinants of Profit Sharing in the Finnish Corporate Sector

Arranz-Aperte, Laura; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2003

This study investigates the role of factors that determine individual employees’ and firms’ participation in profit sharing schemes. Using a large panel data of Finnish employees for the period 1996-2000 we analyse individual and workplace characteristics that make firms employ profit...

Persistent link: https://www.econbiz.de/10005702995

Some Surprising Facts about Working Time Accounts and the Business Cycle

Balleer, Almut; Gehrke, Britta; Merkl, Christian - Institute for the Study of Labor (IZA) - 2015

flexibility has also affected how firms adjust employment in Germany. Using a rich microeconomic dataset, we show that firms with … the key driver of the unusually small increase in German unemployment in the Great Recession. …

Persistent link: https://www.econbiz.de/10011196653

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