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This paper investigates whether and in what sense the west German wage structure has been 'rigid' in the 1990s. To test … the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a … stability of educational wage premia was justified by market forces. However, relative wages did not respond to negative net …
Persistent link: https://www.econbiz.de/10001618002
Many of the recent attempts to find evidence of downward nominal wage rigidity in micro data have suffered from a … explicitly model the determinants of wage changes and the measurement process that leads to observable earnings changes, thereby … directly tackling the question of whether and to which extent downward nominal wage rigidity exists in German micro data. We …
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We present a new and simple empirical methodology to identify relative wage rigidity dynamics. The methodology is … relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …
Persistent link: https://www.econbiz.de/10001567019
search duration, the accepted wage, and the job duration to be connected in a system of simultaneous equations which is … duration and the accepted wage affect job duration positively, but the estimated covariance terms suggest unobserved factors …
Persistent link: https://www.econbiz.de/10000683130
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10001595502
Using Polish Labour Force Survey data, we examine whether competition for labour has induced individual pay to depend on outside options, availability and quality of jobs. Exploiting the lack of inter-regional job and worker flows we estimate the elasticity of individual pay, amongst a rich set...
Persistent link: https://www.econbiz.de/10001597522