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Some Evidence on the Importance of Sticky Wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - National Bureau of Economic Research (NBER) - 2010
peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10008627125
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Evaluating the Economic Significance of Downward Nominal Wage Rigidity
Elsby, Michael W. - National Bureau of Economic Research (NBER) - 2006
results suggest that DNWR may not provide a strong argument against the targeting of low inflation rates, as practiced by many …
Persistent link: https://www.econbiz.de/10005714106
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio - National Bureau of Economic Research (NBER) - 2008
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10005777587
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Evaluating Labor Market Reforms: A General Equilibrium Approach
Alonso-Borrego, César; Fernandez-Villaverde, Jesus; … - National Bureau of Economic Research (NBER) - 2005
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This … both its unemployment and its share of fixed-term employment are the highest. We find that fixed-term contracts increase … unemployment, reduce output, and raise productivity. The welfare effects are ambiguous. …
Persistent link: https://www.econbiz.de/10005575239
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The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium
Aldy, Joseph E. - National Bureau of Economic Research (NBER) - 2014
In 2010, the Gulf Coast experienced the largest oil spill, the greatest mobilization of spill response resources, and the first Gulf-wide deepwater drilling moratorium in U.S. history. Taking advantage of the unexpected nature of the spill and drilling moratorium, I estimate the net effects of...
Persistent link: https://www.econbiz.de/10010951158
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International Rent Sharing in Multinational Firms
Budd, John; Konings, Josef; Slaughter, Matthew J. - National Bureau of Economic Research (NBER) - 2002
We use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyze whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond...
Persistent link: https://www.econbiz.de/10005248930
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Product Quality and Worker Quality
Abowd, John M.; Kramarz, Francis; Moreau, Antoine - National Bureau of Economic Research (NBER) - 1995
We study the relation between product quality and worker quality using an economic model that, under certain conditions, provides a direct link between product price, product quality and work force quality. Our measures of product quality are the evolution in the detailed product price relative...
Persistent link: https://www.econbiz.de/10005084858
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Worker Sorting, Compensating Differentials and Health Insurance: Evidence from Displaced Workers
Lehrer, Steven; Pereira, Nuno Sousa - National Bureau of Economic Research (NBER) - 2007
This article introduces an empirical strategy to the compensating differentials literature that i) allows both individual observed and unobserved characteristics to be rewarded differently in firms based on health insurance provision, and ii) selection to jobs that provide benefits to operate on...
Persistent link: https://www.econbiz.de/10005085259
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International Welfare and Employment Linkages Arising from Minimum Wages
Egger, Hartmut; Egger, Peter H.; Markusen, James R. - National Bureau of Economic Research (NBER) - 2009
We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...
Persistent link: https://www.econbiz.de/10005087447
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Temporary Agency Employment as a Way out of Poverty?
Autor, David; Houseman, Susan N. - National Bureau of Economic Research (NBER) - 2005
The high incidence of temporary agency employment among participants in government employment programs has catalyzed debate about whether these jobs help the poor transition into stable employment and out of poverty. We provide direct evidence on this question through analysis of a Michigan...
Persistent link: https://www.econbiz.de/10005014920