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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
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Wages, Skills, and Skill-Biased Technical Change : The Canonical Model Revisited
Bowlus, Audra; 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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Inequality and Income Dynamics in Germany
Drechsel-Grau, Moritz; Peichl, Andreas; Schmieder, … - 2022
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades. Combining personal income tax and social security data allows us — for the first time — to offer a complete picture of the distribution of annual earnings in Germany. We find...
Persistent link: https://www.econbiz.de/10013298363
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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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Real wage rigidity, heterogeneity, and the business cycles
Ma, Eunseong - In: Macroeconomic dynamics 25 (2021) 7, pp. 1701-1725
Persistent link: https://www.econbiz.de/10012656679
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Age, wage and productivity
van Ours, Jan C.; Stoeldraijer, Lenny - 2010
-productivity gap. We perform an analysis of the relationship between age, wage and productivity using a matched worker-firm panel …
Persistent link: https://www.econbiz.de/10010276096
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Pennies from Haven : Wages and Profit Shifting
Alstadsæter, Annette; Bjørkheim, Julie Brun; Davies, … - 2022
, an activity that generates inequality in corporate taxation. Here, we examine how profit shifting relates to wage …, particularly among service firms where the wage premium is approximately 2%. Furthermore, this average effect masks significant … within-firm heterogeneity with high-skill occupations – and managers in particular – earning higher shifting wage premiums …
Persistent link: https://www.econbiz.de/10013299336
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Distributional Effects of Macroeconomic Shocks in Real-Time : A Novel Method Applied to the COVID-19 Crisis in Germany
Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2021
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10013250264
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Real wages and business cycle asymmetries
Woitek, Ulrich - 2004
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...
Persistent link: https://www.econbiz.de/10010261205