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Although the adverse labor market effects of economic recessions have been well documented, a notable omission in the literature is how recessions impact workers’ job match quality. This paper considers the short and longer-term losses in productivity associated with the job changing brought...
Persistent link: https://www.econbiz.de/10012238463
can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there …
Persistent link: https://www.econbiz.de/10010237280
Although the quantitative relationship between employment cyclicality and wage cyclicality is central for the dynamics … that wage cyclicalities are very heterogeneous across establishments. Based on this heterogeneity, we estimate the … relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …
Persistent link: https://www.econbiz.de/10014432211
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via joint unemployment and vacancy dynamics. We show...
Persistent link: https://www.econbiz.de/10012269069
We document substantial cross-sectional heterogeneity of German establishments' real wage cyclicality over the business … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10012619265
This paper documents the role of unemployment and earnings risk in reconciling evidence in payoff differentials between self-employment and paid-employment. Using Spanish administrative data, we characterize the distribution and dynamics of earnings and document lower and less dispersed earnings...
Persistent link: https://www.econbiz.de/10014543846
This paper identifies and analyses a new effect related to the cyclical behavior of labor supply: the Entitled-Worker Effect (EWE). This effect is different from the well-known Added-Worker Effect (AWE) and Discouraged-Worker Effect (DWE). The EWE is a consequence of one of the most important...
Persistent link: https://www.econbiz.de/10012310881
transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …
Persistent link: https://www.econbiz.de/10013224084
moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …
Persistent link: https://www.econbiz.de/10011624196
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … lifecycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of … search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage …
Persistent link: https://www.econbiz.de/10012319318