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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 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
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
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
Persistent link: https://www.econbiz.de/10012307288
Persistent link: https://www.econbiz.de/10011558388
-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
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
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
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