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Unemployment Insurance in Macroeconomic Stabilization
Kekre, Rohan - National Bureau of Economic Research - 2021
I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal propensity to consume (MPC) than the employed or if agents...
Persistent link: https://www.econbiz.de/10012696414
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The Historical Evolution of Female Earnings Functions and Occupations
Goldin, Claudia - National Bureau of Economic Research - 1980
differed between these occupations. A model of sectoral shift is developed in which workers choose occupations and therefore …
Persistent link: https://www.econbiz.de/10012478606
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Interpersonal Styles and Labor Market Outcomes
Borghans, Lex - 2007
This paper develops a framework to understand the role of interpersonal interactions in the labor market including task assignment and wages. Effective interpersonal interactions involve caring, to establish cooperation, and at the same time directness, to communicate in an unambiguous way. The...
Persistent link: https://www.econbiz.de/10012465810
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Wages Around the World : Pay Across Occupations and Countries
Freeman, Richard B. - 2000
consistent data file on pay in 161 occupations in over 150 countries from 1983 to 1998 to examine the pattern of pay across … occupations and countries. The new file tells us that: 1. Skill differentials vary inversely with gross domestic product per …
Persistent link: https://www.econbiz.de/10012470674
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Meritocracy in America : An Examination of Wages Within and Across Occupations
Cawley, John - 1998
In The Bell Curve, Herrnstein and Murray argue that the U.S. economy is a meritocracy in which differences in wages (including differences across race and gender) are explained by differences in cognitive ability. In this paper we test their claim for wages conditional on occupation using a...
Persistent link: https://www.econbiz.de/10012472359
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Multidimensional Skill Mismatch
Guvenen, Fatih - 2015
--that reduces wages in future occupations. Mismatch also predicts different aspects of occupational switching behavior. We construct … the empirical analog of our skill mismatch measure from readily available US panel data on individuals and occupations and …
Persistent link: https://www.econbiz.de/10012457292
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Wage and Earnings Inequality Between and Within Occupations : The Role of Labor Supply
Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2023
We document systematic differences in wage and earnings inequality between and within occupations and show that these … differences are intimately related to systematic differences in labor supply across occupations. We then develop a variant of a … occupations. In our theory, the interplay between heterogeneity in tastes for leisure and occupational differences in non …
Persistent link: https://www.econbiz.de/10014372422
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Perceptions of Equity and the Distribution of Income
Rotemberg, Julio J. - 1996
This paper builds a simple model where there is a link between employees' perception of the fairness of employers and the actual distribution of income. Wages are based in part on employers' assessments of the productivity of individual employees. I show that the equilibrium distribution of...
Persistent link: https://www.econbiz.de/10012473221
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Wage Dynamics and Returns to Unobserved Skill
Lochner, Lance - 2018
Economists disagree about the factors driving the substantial increase in residual wage inequality in the U.S. over the past few decades. We identify and estimate a general model of log wage residuals that incorporates: (i) changing returns to unobserved skills, (ii) a changing distribution of...
Persistent link: https://www.econbiz.de/10012453493
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An Empirical Framework For Matching With Imperfect Competition
Chan, Mons; Kroft, Kory; Mattana, Elena; Mourifié, Ismael - National Bureau of Economic Research - 2024
This paper builds, identifies and estimates a model of the labor market that features strategic interactions in wage setting and two-sided heterogeneity in order to shed light on the sources of wage inequality. We provide a tractable characterization of the model equilibrium and demonstrate its...
Persistent link: https://www.econbiz.de/10014544771