Similar Search Results

Uncovering the mechanism(s): financial constraints and wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … and explore their effect on wages. First, the financial labor wedge reduces wages. Second, financial constraints may … interact with aggregate labor market conditions in various ways putting upward or downward pressure on wages. We test partial …

Persistent link: https://www.econbiz.de/10012389827

Countercyclical recruiting rates and the value of jobs

Yashiv, Eran - 2015

U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...

Persistent link: https://www.econbiz.de/10011346601

Good job, bad job, no job? : ethnicity and employment quality for men in the UK

Clark, Kenneth; Ochmann, Nico - 2022

Ethnic minority men find it harder to obtain good jobs in the UK labour market than White British men. Over time, while the very high unemployment rates experienced by some non-white ethnic groups have significantly declined and their share of good jobs has grown, their share of bad jobs has...

Persistent link: https://www.econbiz.de/10012888433

A reappraisal of the inflation-unemployment tradeoff

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10011414902

Deaths rise in good economic times : evidence from the OECD

Gerdtham, Ulf-G.; Ruhm, Christopher J. - 2002

This study uses aggregate data for 23 OECD countries over the 1960-1997 period to examine the relationship between macroeconomic conditions and fatalities. The main finding is that total mortality and deaths from several common causes increase when labor markets strengthen. For instance,...

Persistent link: https://www.econbiz.de/10011415243

Quit turnover and the business cycle : a survey

Carrillo-Tudela, Carlos; Coles, Melvyn Glyn - 2015

The focus of this chapter is to consider new developments in the search and matching literature where wages, quit …

Persistent link: https://www.econbiz.de/10011346596

Families in macroeconomics

Doepke, Matthias; Tertilt, Michele - 2016

Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...

Persistent link: https://www.econbiz.de/10011454407

House price synchronicity, banking integration, and global financial conditions

Alter, Adrian; Dokko, Jane; Seneviratne, Dulani - 2018

We examine the relationship between house price synchronicity and global financial conditions across 40 countries and about 70 cities over the past three decades. The role played by cross-border banking flows in residential property markets is examined as well. Looser global financial conditions...

Persistent link: https://www.econbiz.de/10011978387

Do unemployment benefit extensions explain the emergence of jobless recoveries?

Mitman, Kurt; Rabinovich, Stanislav - 2019

Countercyclical unemployment benefit extensions in the United States act as a propagation mechanism, contributing to both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an otherwise standard frictional model of the labor market to...

Persistent link: https://www.econbiz.de/10012019263

Hysteresis in labor markets? : evidence from professional long-term forecasts

Bluedorn, John Christopher; Leigh, Daniel - 2019

We explore the long-term impact of economic booms on labor market outcomes using a novel approach based on revisions to professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly, forecasters typically raise their long-term forecasts...

Persistent link: https://www.econbiz.de/10012022008