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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

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

Wages, implicit contracts, and the business cycle : evidence from a European panel

Bellou, Andriana; Kaymak, Barış - In: Labour economics : official journal of the European … 19 (2012) 6, pp. 898-907

Persistent link: https://www.econbiz.de/10009691961

The elasticity of labor supply to the firm over the business cycle

Depew, Briggs; Sørensen, Todd A. - In: Labour economics : official journal of the European … 24 (2013), pp. 196-204

Persistent link: https://www.econbiz.de/10010222466

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

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

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

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

Does extending unemployment benefits improve job quality?

Nekoei, Arash; Weber, Andrea - 2015

insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression … balance between two offsetting forces: UI causes agents to seek higher-wage jobs, but also reduces wages by lengthening … both in our sample and across studies, reconciling disparate wage-effect estimates. Empirically, UI raises wages by …

Persistent link: https://www.econbiz.de/10010517037

Peers' composition effects in the short and in the long run : college major, college performance and income

Anelli, Massimo; Peri, Giovanni - 2015

In this paper we use a newly constructed dataset following 30,000 Italian individuals from high school to labor market and we analyze whether the gender composition of peers in high school affected their choice of college major, their academic performance and their labor market income. We...

Persistent link: https://www.econbiz.de/10011283120

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