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A congestion theory of unemployment fluctuations
Mercan, Yusuf; Schoefer, Benjamin; Sedlácek, Petr - 2020
In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed workers finding jobs expands. On net, unemployment rises only because even more workers lose their jobs. We propose a theory of unemployment fluctuations resting on this...
Persistent link: https://www.econbiz.de/10012373190
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Shocks, frictions, and inequality in US business cycles
Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020
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/10012162730
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Macroeconomic shocks and racial labour market differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
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/10012157899
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011398011
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The effects of high school peers' gender on college major, college performance and income
Anelli, Massimo; Peri, Giovanni - 2016
Using an originally constructed dataset that follows 30,000 Italian individuals from high school to the labor market, we analyze whether the gender composition of peers in high school affected their choice of college major, their academic performance and their labor market income. We exploit the...
Persistent link: https://www.econbiz.de/10011515310
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Immigration, unemployment and wages : new causality evidence from the United Kingdom
Tunali, Çiğdem Börke; Fidrmuc, Jan; Campos, Nauro - 2017 - This version: April 4, 2017
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and … unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …
Persistent link: https://www.econbiz.de/10011646817
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Earnings dynamics in Germany
Pessoa, Ana Sofia - 2021
normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …
Persistent link: https://www.econbiz.de/10012534545
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Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …
Persistent link: https://www.econbiz.de/10014247564
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"The double dividend of Training" : labor market effects of work-related continuous education in Switzerland
Denzler, Stefan; Ruhose, Jens; Wolter, Stefan C. - 2022
This paper presents the first longitudinal estimates of the effect of work-related training on labor market outcomes in Switzerland. Using a novel dataset that links official census data on adult education to longitudinal register data on labor market outcomes, we apply a regression-adjusted...
Persistent link: https://www.econbiz.de/10013413337
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Learning from the past : trends in executive compensation over the twentieth century
Frydman, Carola (contributor) - 2008
In recent years, a large academic debate has tried to explain the rapid rise in CEO pay experienced over the past three decades. In this article, I review the main proposed theories, which span views of compensation as the result of a competitive labor market for executives to theories based on...
Persistent link: https://www.econbiz.de/10003790763