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Vacancy durations and entry wages : evidence from linked vacancy-employer-employee data
Kettemann, Andreas; Müller, Andreas; Zweimüller, Josef - 2018
establishment growth, vacancy filling and entry wages, we calibrate a model with directed search and ex-ante heterogeneous workers … response of vacancy filling to firm-level wages. We discuss the implications of this finding as well as potential resolutions. …
Persistent link: https://www.econbiz.de/10011931499
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The wage fund theory and the gains from trade in a dynamic Ricardian model
Marjit, Sugata; Nakanishi, Noritsugu - 2021
This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the...
Persistent link: https://www.econbiz.de/10012599151
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The (un)Importance of inheritance
Black, Sandra E.; Devereux, Paul J.; Landaud, Fanny; … - 2022
Transfers from parents - either in the form of gifts or inheritances - have received much attention as a source of inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total Inflows available to an individual (defined as the...
Persistent link: https://www.econbiz.de/10012815788
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Student earnings expectations : heterogeneity or noise?
Diaz-Serrano, Luis; Hartog, Joop; Nilsson, William; … - 2016 - First draft 12-05-14; revised 26-01-15; this draft 19-09-2016
Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...
Persistent link: https://www.econbiz.de/10011544177
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Trade, wages, and profits
Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - 2012
, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of … aggregate employment. -- structural models ; heterogeneous firms ; fair wages ; labour market imperfections ; exporter wage …
Persistent link: https://www.econbiz.de/10009581985
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Indebted demand
Mian, Atif; Straub, Ludwig; Sufi, Amir - 2020
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal...
Persistent link: https://www.econbiz.de/10012199991
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Fair pay and a wagebill argument for wage rigidity and excessive employment variability
Thomas, Jonathan P. - 2000
the information available to workers, it is shown that wages are less flexible than needed for efficient employment levels …
Persistent link: https://www.econbiz.de/10009781504
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Wage formation under low inflation
Holden, Steinar - 2004
happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how … often wages are adjusted, and to what extent wages are set in a forward-looking manner. Third, incomplete labour contracts … accept a rise in nominal wages. Fourth, if effort depends on wages relative to a reference level, and workers and firms …
Persistent link: https://www.econbiz.de/10011450344
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Tenure and experience effects on wages : a theory
Burdett, Kenneth; Coles, Melvyn Glyn - 2010
suggests how to identify econometrically between experience and tenure effects on worker wages. -- experience ; tenure ; search …
Persistent link: https://www.econbiz.de/10008697434
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The distributional consequences of rent seeking
Angelopoulos, Angelos; Angelopulos, Kōnstantinos; … - 2019
Rent seeking leads to a misallocation of resources that worsens economic outcomes and reduces aggregate welfare. We conduct a quantitative examination of the distributional effects of rent extraction via the financial sector. Rent seeking introduces a possibility for insurance against...
Persistent link: https://www.econbiz.de/10012103582