Showing 1 - 10 of 1,793
models, in which unwarrantedʺ wages changes and the return on capital are endogenously determined, do not necessarily predict … following the appearance of unwarrantedʺ wage changes are not always justified. -- capital return ; profits ; unwarrantedʺ wages …
Persistent link: https://www.econbiz.de/10003887514
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
Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which builds distribution risk into a real business cycle...
Persistent link: https://www.econbiz.de/10003790966
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
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
We study the link between expected inflation and wages using novel panel data from German firms and employees. We find …
Persistent link: https://www.econbiz.de/10015061156
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the … international competitiveness of the Central and Eastern European countries. -- exchange rate regime ; wages ; Central and Eastern …
Persistent link: https://www.econbiz.de/10003897541
The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk...
Persistent link: https://www.econbiz.de/10012263817
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
cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10012619265