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This paper analyses the flexibility of the Finnish labour markets from the microeconomic perspective by focusing on individual-level wage changes for job stayers. The study covers the private sector workers by using three separate data sets obtained from payroll records of employers’...
Persistent link: https://www.econbiz.de/10005836928
This paper explores the wage flexibility in Finland. The study covers the private sector workers by using three data sets from the payroll records of employers’ associations. The data span the period 1985-2001. The results reveal that there has been macroeconomic flexibility in the labour...
Persistent link: https://www.econbiz.de/10005105693
We study the wage growth of job stayers over the business cycle, and show that wage adjustments within a job spell display significant history dependence. This is at odds with the spot market model, which implies that the wage growth of a worker within a job spell depends solely on the change in...
Persistent link: https://www.econbiz.de/10009004839
This paper studies the effect mandated severance pay in a matching model featuring wage rigidity for ongoing, but not new, matches and Pareto efficient spot renegotiation of mandated severance pay. Severance pay matters only if real wage rigidities imply inefficient separation under employment...
Persistent link: https://www.econbiz.de/10011110179
The search for the credibility of monetary policies during the recent decades this is materialized , among other things, changes in the laws that govern the activities of the Central Bank, supposed main guarantor of the proper conduct of monetary policy. These changes are aimed , essentially the...
Persistent link: https://www.econbiz.de/10011274381
inflation for different horizons. We design our forecast experiment for the post-oil boom years of 2010-2014 and compare … advantage over naïve ones in boom and pre-boom years. We find that despite declining volatility in inflation over the post … of inflation. …
Persistent link: https://www.econbiz.de/10011251893
sectors, we deduce the overall inflation generated by direct and indirect requirements for the total economy. For example, an … increase in oil prices by 75% generates a global inflation cost between 5.5% and 8%. Symmetric scenarios indicate no strong … asymmetrical effects. The generated inflation may alter the stable path of inflation recorded over the past fifteen years putting …
Persistent link: https://www.econbiz.de/10011253053
formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …
Persistent link: https://www.econbiz.de/10011258720
likelihood of a variety of crises—banking, currency, external default and inflation. For Latin America, in particular, large … capital flow bonanzas have seldom ended well. The implications for inflation of importing (via less than fully flexible …
Persistent link: https://www.econbiz.de/10011258911
Overall inflation in Bangladesh saw a surge in inflation rate amid rising trend of global commodity prices in the last … few years. Inflation in 2009 was 6.66 percent and 7.31 percent in 2010. As higher inflation might have detrimental impact … on different sectors, this study aims to assess the impact of inflation on the performance of the financial sector in …
Persistent link: https://www.econbiz.de/10011258918