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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

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

Persistent link: https://www.econbiz.de/10012288522

Employer-to-employer mobility and wages in Europe and the United States

Borowczyk-Martins, Daniel - 2025

I produce novel evidence on worker reallocation across employers and between employment and nonemployment/unemployment for several European countries over the past two decades. I construct a dataset of monthly transition rates by developing a novel approach to measure them using cross-sectional...

Persistent link: https://www.econbiz.de/10015206800

Macroeconomic determinants of retirement timing

Gorodnichenko, Yuriy; Song, Jae; Stolyarov, Dmitriy - 2013

We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15...

Persistent link: https://www.econbiz.de/10010221835

On the cyclicality of unemployment : resurrecting the participation margin

Ebell, Monique - In: Labour economics : official journal of the European … 18 (2011) 6, pp. 822-836

Persistent link: https://www.econbiz.de/10009536958

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

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

Individuals' unemployment durations over the business cycle

Kalwij, Adriaan - 2001

Using a large panel of administrative records this study confirms the predictions of the ranking model of Blanchard and Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases with economic growth. However, the ranking model of...

Persistent link: https://www.econbiz.de/10011403854

Individuals' unemployment experiences : heterogeneity and business cycle effects

Kalwij, Adriaan - 2001

This study examines individuals' unemployment experiences from the age of 18 up to the age of 35 using a large panel of administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus is on the extent to which individuals'...

Persistent link: https://www.econbiz.de/10011403856

Macroeconomic conditions and child schooling in Turkey

Güneş, Pinar Mine; Ural Marchand, Beyza - 2018

This paper examines the effects of macroeconomic shocks on child schooling in Turkey using household labor force surveys from 2005-2013. We use variation in local labor demand as an instrumental variable, particularly regional industry composition and national industry employment growth rates....

Persistent link: https://www.econbiz.de/10011887105