Similar Search Results

The cyclical behavior of unemployment and wages under information frictions

Morales-Jimenez, Camilo - 2017

I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages do not respond immediately to a positive aggregate shock because workers do not (yet) have enough information to demand higher wages. This increases firms' incentives to post...

Persistent link: https://www.econbiz.de/10011709249

Wage and Employment Cyclicalities at the Establishment Level

Merkl, Christian; Stueber, 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/10013212779

Employment and Reallocation Effects of Higher Minimum Wages

Drechsel-Grau, Moritz - 2023

worker and firm heterogeneity. I find that minimum wages up to 70% of the median wage significantly increase productivity … the minimum wage cuts deep into the wage distribution. I show that gradually implementing a high minimum wage is necessary …

Persistent link: https://www.econbiz.de/10014356608

Vacancy Durations and Entry Wages : Evidence from Linked Vacancy-Employer-Employee Data

Kettemann, Andreas - 2019

This paper explores the relationship between the duration of a vacancy and the starting wage of a new job, using … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … that this negative association is particularly strong with the establishment component of the starting wage. We also …

Persistent link: https://www.econbiz.de/10012892235

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/10013224084

The nature of household labor income risk

Pruitt, Seth; Turner, Nicholas - 2018

What is the nature of labor income risk facing households? We answer this question using detailed administrative data on household earnings from the U.S. Internal Revenue Service. By analyzing total household labor earnings as well as each member's earnings, we offer several new findings. One,...

Persistent link: https://www.econbiz.de/10011932201

Cyclical Earnings, Career and Employment Transitions

Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022

This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...

Persistent link: https://www.econbiz.de/10014243686