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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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Money, sticky wages, and the great depression
Bordo, Michael D.; Erceg, Christopher J.; Evans, Charles - 1997
Persistent link: https://www.econbiz.de/10000630959
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Nominal wage stickiness and aggregate supply in the great depression
Bernanke, Ben; Carey, Kevin M. - 1996
Persistent link: https://www.econbiz.de/10000563981
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The aggregate implications of regional business cycles
Beraja, Martin; Hurst, Erik; Ospina, Juan - 2016
Persistent link: https://www.econbiz.de/10011436348
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Wage flexibility and employment fluctuations : evidence from the housing sector
Pischke, Jörn-Steffen - 2016
Persistent link: https://www.econbiz.de/10011528649
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The making of a great contraction with a liquidity trap and a jobless recovery
Schmitt-Grohé, Stephanie; Uribe, Martín - 2012
Persistent link: https://www.econbiz.de/10009679649
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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