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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/10013224084
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Wages, Skills, and Skill-Biased Technical Change : The Canonical Model Revisited
Bowlus, Audra J.; Robinson, M. Chris; Lochner, Lance; … - 2021
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced …
Persistent link: https://www.econbiz.de/10013217553
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Sufficient Statistics for Frictional Wage Dispersion and Growth
Vejlin, Rune Majlund; Veramendi, Gregory - 2021
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/10013314890
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Macroeconomic Shocks and Racial Labour Market Differences in the U.S
De, Kuhelika - 2020
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012844419
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Heterogeneity in wage setting behavior in a New-Keynesian model
Eijffinger, Sylvester C. W.; Grajales-Olarte, Anderson; … - In: Macroeconomic dynamics 24 (2020) 6, pp. 1512-1546
Persistent link: https://www.econbiz.de/10012307288
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The effect of labor and financial frictions on aggregate fluctuations
Mumtaz, Haroon; Zanetti, Francesco - In: Macroeconomic dynamics 20 (2016) 1, pp. 313-341
Persistent link: https://www.econbiz.de/10011558388
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Recessions and Occupational Match Quality : The Role of Age, Gender, and Education
Addison, John T. - 2020
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...
Persistent link: https://www.econbiz.de/10012829323
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Dissecting Between-Plant and Within-Plant Wage Dispersion - Evidence from Germany
Baumgarten, Daniel - 2019
drivers of the recent rise in German wage dispersion and pin down the relative contribution of plant and worker … characteristics. Moreover, we separately investigate the drivers of between-plant and within-plant wage dispersion. We also analyze … the sources of the recent slowdown in German wage inequality and compare the results for West Germany to the ones for East …
Persistent link: https://www.econbiz.de/10012892230
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The Effect of News Shocks and Monetary Policy
Görtz, Christoph - 2019
A VAR model estimated on U.S. data before and after 1980 documents systematic differences in the response of short- and long-term interest rates, corporate bond spreads and durable spending to news TFP shocks. Interest rates across the maturity spectrum broadly increase in the pre-1980s and...
Persistent link: https://www.econbiz.de/10012889175
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Bargaining Shocks and Aggregate Fluctuations
Drautzburg, Thorsten; Fernández-Villaverde, Jesús; … - 2021
We argue that social and political risk causes significant aggregate fluctuations by changing workers’ bargaining power. Using a Bayesian proxy-VAR estimated with U.S. data, we show how distribution shocks trigger output and unemployment movements. To quantify the aggregate importance of these...
Persistent link: https://www.econbiz.de/10013235101