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lower tail. We further document substantial gender differences in average earnings and inequality over the life-cycle. While …
Persistent link: https://www.econbiz.de/10012886897
immigration and a decline in collective bargaining successfully explain occupational employment patterns during the 1990s. …
Persistent link: https://www.econbiz.de/10013255962
that the gender wage gap decreased among newly hired workers. Our estimates of the effect of the law on employment growth …In Austria, a gender pay transparency law was introduced in 2011, requiring companies with more than 1,000 employees to …. We estimate the impact of the law on men’s wages, women’s wages, and the gender pay gap using administrative data. The …
Persistent link: https://www.econbiz.de/10012489691
differences in social mobility and persistence. -- equality of opportunity ; earnings inequality ; mobility ; circumstances …
Persistent link: https://www.econbiz.de/10009535094
Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....
Persistent link: https://www.econbiz.de/10013093036
inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover … household structure is widely neglected. Societal trends like a decline in birth rate and an increase in the risk of divorce … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in …
Persistent link: https://www.econbiz.de/10008698414
We leverage survey data from Germany, Italy, and the US to document several novel stylized facts about the extent of information frictions among firms and households. First, firms’ expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with...
Persistent link: https://www.econbiz.de/10012491615
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10003937114
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …
Persistent link: https://www.econbiz.de/10010250050
, administrative matched employer-employee data. The distributional analysis is then conducted by transposing predicted employment … effects of actual output shocks to household-level microdata. A scenario in which labor demand adjustments occur at the …
Persistent link: https://www.econbiz.de/10009011947