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independence. In short, they climb the career ladder. Climbing the career ladder explains 50% of wage growth and virtually all of … rising wage dispersion. The increasing gender wage gap by age parallels a rising hierarchy gap. Our findings suggest that … wage dynamics are shaped by the organization of production, which itself likely depends on technology, the skill set of the …
Persistent link: https://www.econbiz.de/10011931986
income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap. …
Persistent link: https://www.econbiz.de/10014290246
, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of … largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender …
Persistent link: https://www.econbiz.de/10012897647
income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap …
Persistent link: https://www.econbiz.de/10014358858
In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...
Persistent link: https://www.econbiz.de/10010333423
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced...
Persistent link: https://www.econbiz.de/10011777567
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
plants (compared to West German ones) face a steeper size-wage curve, invest less into marketing, and remain smaller. A model …
Persistent link: https://www.econbiz.de/10013353363
of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … relationship between workers' job separation expectations and wages. Instead, a wage setting process with less frequent wage … the difference between firms' and workers' biases matters for the bargained wage but not the size of biases. …
Persistent link: https://www.econbiz.de/10014290251
plants (compared to West German ones) face a steeper size-wage curve, invest less into marketing, and remain smaller. A model …
Persistent link: https://www.econbiz.de/10014083475