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Minu, startu and all that : pitfalls in estimating the sensitivity of a worker's wage to aggregate unemployment

Martins, Pedro S.; Snell, Andy; Thomas, Jonathan P. - 2011

In this paper we show that panel estimates of tenure specific sensitivity to the business cycle of wages is subject to serious pitfalls. Three canonical variates used in the literature - the minimum unemployment rate during a worker's time at the firm (min u), the unemployment rate at the start...

Persistent link: https://www.econbiz.de/10009230754

Real unit labour costs in Eurozone countries : drivers and clusters

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2014

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are uncovered through decomposition and cluster analyses. In the...

Persistent link: https://www.econbiz.de/10010369774

Euro, crisis and unemployment : youth patterns, youth policies?

Ghoshray, Atanu; Ordóñez, Javier; Sala, Hector - 2016

This paper examines the occurrence of structural breaks in European unemployment associated with major events experienced by the European economies at an institutional level: the creation of the European and Monetary Union (EMU) in 1999, and the Euro/financial crisis in 2008-2009, which was...

Persistent link: https://www.econbiz.de/10011476560

Unemployment in the European Union : a dynamic reappraisal

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10011412080

Unemployment in the European Union : institutions, prices, and growth

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001800159

Unemployment, growth and fiscal policy : new insights on the hysteresis hypothesis

Raurich-Puigdevall, Xavier (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002035720

Labour market concentration, wages and job security in Europe

Bassanini, Andrea; Bovini, Giulia; Caroli, Eve; … - 2022

We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable...

Persistent link: https://www.econbiz.de/10013186729

How representative are social partners in Europe? : the role of dissimilarity

Martinez-Matute, Marta; Martins, Pedro S. - 2022

Social partners (trade unions and employers' associations) and their representativeness can shape labour institutions and economic and social outcomes in many countries. In this paper, we argue that, when examining social partners' representativeness, it is important to consider both affiliation...

Persistent link: https://www.econbiz.de/10013264780

The effects of globalization and technology on the elasticity of substitution

Sala, Hector; Trivín, Pedro - 2017

, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …

Persistent link: https://www.econbiz.de/10011704348

Thresholds in the process of international financial integration

Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …

Persistent link: https://www.econbiz.de/10003831857