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We document substantial cross-sectional heterogeneity of German establishments’ real wage cyclicality over the business … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10013212779
This paper explores the relationship between the duration of a vacancy and the starting wage of a new job, using … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … that this negative association is particularly strong with the establishment component of the starting wage. We also …
Persistent link: https://www.econbiz.de/10012892235
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
worker and firm heterogeneity. I find that minimum wages up to 70% of the median wage significantly increase productivity … the minimum wage cuts deep into the wage distribution. I show that gradually implementing a high minimum wage is necessary …
Persistent link: https://www.econbiz.de/10014356608
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014243686
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...
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