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Sticky Wages on the Layoff Margin
Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs … wage cuts would save their jobs. For lost union jobs, 45 percent say contractual restrictions prevent wage cuts. Among …
Persistent link: https://www.econbiz.de/10014337762
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Spending and Job-Finding Impacts of Expanded Unemployment Benefits : Evidence from Administrative Micro Data
Ganong, Peter; Greig, Fiona E.; Noel, Pascal J.; … - National Bureau of Economic Research - 2022
We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics--but not employment dynamics--during the...
Persistent link: https://www.econbiz.de/10013361970
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Global Trends in Income Inequality and Income Dynamics : New Insights from GRID
Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - National Bureau of Economic Research - 2022
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...
Persistent link: https://www.econbiz.de/10013388880
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The Race Between Education, Technology, and Institutions
Vogel, Jonathan - National Bureau of Economic Research - 2022
, state-level data. I show that incorporating the minimum wage improves the out-of-sample fit of the traditional canonical …
Persistent link: https://www.econbiz.de/10013334528
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Trading Places : Mobility Responses of Native and Foreign-Born Adults to the China Trade Shock
Autor, David H.; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2023
Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...
Persistent link: https://www.econbiz.de/10013537796
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The Evolution of Work from Home
Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - National Bureau of Economic Research - 2023
Full days worked at home account for 28 percent of paid workdays among Americans 20-64 years old, as of mid 2023, according to the Survey of Working Arrangements and Attitudes. That's about four times the 2019 rate and ten times the rate in the mid-1990s that we estimate in time-use data. We...
Persistent link: https://www.econbiz.de/10014372443
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After 40 Years, How Representative Are Labor Market Outcomes in the NLSY79?
Bick, Alexander; Blandin, Adam; Rogerson, Richard Donald - National Bureau of Economic Research - 2024
In 1979, the National Longitudinal Study of Youth 1979 (NLSY79) began following a group of US residents born between 1957 and 1964. It has continued to re-interview these same individuals for more than four decades. Despite this long sampling period, attrition remains modest. This paper shows...
Persistent link: https://www.econbiz.de/10014528399
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The Big Shift in Working Arrangements : Eight Ways Unusual
Davis, Steven J. - National Bureau of Economic Research - 2024
and employers, and alters the structure of wages. The big shift also reduces wage-growth pressures during the transition …
Persistent link: https://www.econbiz.de/10014528401
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Staggered Wage Setting without Money Illusion : Variations on a Theme of Taylor
Buiter, Willem H. - 1980
characterized by staggered over-lapping wage contracts and rational expectations. His model has the "Keynesian" feature that the …) components of monetary policy rules. The reason for this is the inertia in the money wage process induced by the staggered multi …-period contracts and the assumption that the wage payments due in any given period under the contract are not "indexed", that is not …
Persistent link: https://www.econbiz.de/10012478589
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The Great Disconnect : The Decoupling of Wage and Price Inflation in Japan
Hoshi, Takeo - 2020
relationship between wages and prices, so wage inflation has become a much less important determinant of price inflation …
Persistent link: https://www.econbiz.de/10012481526