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A competitive model of worker replacement and wage rigidity
Snell, Andy; Thomas, Jonathan P.; Wang, Zhewei - 2014
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
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2021
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
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2023
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
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Does self-employment pay? : the role of unemployment and earnings risk
Garcia-Cabo, Joaquin; Madera, Rocio - 2024
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
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Earnings dynamics in Germany
Pessoa, Ana Sofia - 2021
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/10012534545
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Consumption dynamics and welfare under non-Gaussian earnings risk
Guvenen, Fatih; Ozkan, Serdar; Madera, Rocio - 2024
Recent empirical studies document that the distribution of earnings changes displays substantial deviations from lognormality: in particular, earnings changes are negatively skewed with extremely high kurtosis (long and thick tails), and these non-Gaussian features vary substantially both over...
Persistent link: https://www.econbiz.de/10014543845
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Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap. …
Persistent link: https://www.econbiz.de/10014247564
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Wage setting and unemployment : evidence from online job vacancy data
Faryna, Oleksandr; Pham, Tho; Talavera, Oleksandr; … - 2020
This paper examines the relationship between labour market conditions and wage dynamics by exploiting a unique dataset … of 0.8 million online job vacancies. We find a weak trade-off between aggregated national-level wage inflation and … unemployment. This link becomes more evident when wage inflation is disaggregated at sectoral and occupational levels. Using …
Persistent link: https://www.econbiz.de/10012255418
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016
This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic productivity shocks for new contacts. Large negative...
Persistent link: https://www.econbiz.de/10011444082
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Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145