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In empirical studies the finding of procyclical average labour productivity is common. Two possible explanations to these results have been suggested in the literature: (1) labour hoarding/labour utilization, and (2) the Real Business Cycle productivity/technology shock explanation. This study...
Persistent link: https://www.econbiz.de/10005634505
consumer theory. …
Persistent link: https://www.econbiz.de/10005012476
consumer theory. …
Persistent link: https://www.econbiz.de/10005012477
Recent analyses of wage bargaining has emphasized the distinction between insiders and outsiders, yet one typically assumes that insiders and recently hired outsiders are paid the same wage. We consider a model where the starting wage for outsiders may be lower that the insider wage, but...
Persistent link: https://www.econbiz.de/10005669586
theory, other theories, and empirical research. The main conclusion is that mechanical rules for performance-related pay are …
Persistent link: https://www.econbiz.de/10005245151
We study how workers’ wages respond to TFP-driven innovations in firms’labor productivity. Using unique data with highly reliable firm-level output prices and quantities in the manufacturing sector in Sweden, we are able to derive measures of physical (as opposed to revenue) TFP to...
Persistent link: https://www.econbiz.de/10009645246
Recent analyses of wage bargaining has emphasized the distinction between insiders and outsiders, yet one typically assumes that insiders and recently hired outsiders are paid the same wage. We consider a model where the starting wage for outsiders may be lower than the insider wage, but...
Persistent link: https://www.econbiz.de/10005419176
The business cycle is likely to be of importance for self-employment rates. When the economy is growing, business opportunities open up and encourage the set-up of new firms. In downturns, self-employment may be a way to avoid unemployment. The strength of these pull and push factors may depend...
Persistent link: https://www.econbiz.de/10010818832
The business cycle is likely to be of importance for self-employment rates. When the economy is growing, business opportunities open up and encourage the set-up of new firms. In downturns, self-employment may be a way to avoid unemployment. The strength of these pull and push factors may depend...
Persistent link: https://www.econbiz.de/10010818879
On normal days, the temperature decreases with altitude, allowing air pollutants to rise and disperse. During inversion episodes, a warmer air layer at higher altitude traps pollu- tants close to the ground. We show how readily available NASA satellite data on vertical temperature proles can be...
Persistent link: https://www.econbiz.de/10010735662