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. We show that firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more …
Persistent link: https://www.econbiz.de/10011761531
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
. We show that firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more …
Persistent link: https://www.econbiz.de/10011777631
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
employment, but also nominal wage flexibility, and thus reduces employment variations in the case of nominal shocks. Long …-term wage contracts lead to highter expected real wages and hence higher expected unemployment than short-term contracts …
Persistent link: https://www.econbiz.de/10011399303
of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working … persistently affected, but the penalty on the hourly wage (and earnings) increases with experience, and attains roughly -6% ten …
Persistent link: https://www.econbiz.de/10010491732
ascertain the contributions of worker, firm, match, and job-title heterogeneity to the union wage gap. Of these the most …
Persistent link: https://www.econbiz.de/10011957208
ascertain the contributions of worker, firm, match, and job-title heterogeneity to the union wage gap. Of these the most …
Persistent link: https://www.econbiz.de/10011941280
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
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/10013212779