Showing 1 - 10 of 376
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
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
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
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 study attempts to analyze the causal relationship between inflation and productivity of labor and capital, in … inflation and exchange rate management policy controlling for, monetary variables like broad money (M-2) and discount rate …, which are endogenous in case of Pakistan. We considered the relationship of inflation with two measures of productivity …
Persistent link: https://www.econbiz.de/10004976972
to their increase, an unanticipated hike in policy rate has no impact on them. The impact on inflation is also symmetric … neutral to components of aggregate demand and, thus, on inflation, ranging from 6.25 per cent to 7.0 per cent. …
Persistent link: https://www.econbiz.de/10011107770
fluctuation with GDP, exports and inflation in Pakistan. Our results confirmed cointegration among the variables when GDP was … considered as dependent variable, while in case of inflation as responding variable, the long run relation among the variables … technique, we confirmed that causal link is running from oil price and oil price fluctuation to GDP and inflation. We could not …
Persistent link: https://www.econbiz.de/10011107799
How does inflation uncertainty interact with inflation rate? The purpose of this article is to assess this question in … Egypt in a wavelets transform framework. We investigate the direction of causality in the relationship inflation-inflation … to resolve the inconsistencies and to point a robust nonlinear effect of inflation on inflation uncertainty, which is …
Persistent link: https://www.econbiz.de/10011107856
This study aims to investigate the food, agriculture and economic situation of Bangladesh in some details. Although it faces various problems in economic progress since the independent in 1971, in the last forty years the increase of food production, economic development and poverty reduction of...
Persistent link: https://www.econbiz.de/10011107886
The nexus between inflation and its uncertainty has been a topic of wide dispute. Using wavelet decomposition and with … different frequencies involved. In the short-run, inflation expands inflation uncertainty and vice versa. In the medium term …, higher inflation leads to greater volatility, while there is no evidence of significant link in the long-run. The main causes …
Persistent link: https://www.econbiz.de/10011107929