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Business cycles and wage rigidity
Bartolucci, Cristian - In: Labour economics : official journal of the European … 19 (2012) 4, pp. 568-583
Persistent link: https://www.econbiz.de/10009690200
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Volatility and growth : governments are key
Jetter, Michael - 2013
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010228789
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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
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Macroeconomic policy lessons of labor market frictions
Yashiv, Eran - 2002
The paper explores the consequences of macroeconomic policy for labor market outcomes in the presence of frictions. It shows how policy may be useful in overriding frictions, as well as how it might generate adverse outcomes. The analysis looks at the main tools of macroeconomic policy and...
Persistent link: https://www.econbiz.de/10011406721
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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
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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
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Downward real wage rigidity and equal treatment wage contracts : theory and evidence
Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018
price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but … of West German labor markets. We find that the elasticity of real wages with respect to output is very close to zero in … effects the cyclicality of new hire wages is approximately the same as that for incumbent wages regardless of whether or not …
Persistent link: https://www.econbiz.de/10011855567
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Wage cyclicality and labour market institutions
Pereira, João Manuel; Ramos, Raúl; Martins, Pedro S. - 2024
Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …
Persistent link: https://www.econbiz.de/10014486321
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
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/10011401020
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The sources of wage growth in a developing country
Marinescu, Ioana E.; Triyana, Margaret - 2015
What are the sources of wage growth in developing countries? In the US, general labor market experience is the key source of wage growth, with job seniority playing a smaller role. By contrast, in Indonesia, the 10-year return to seniority is 24 to 29%, which is higher than the return to...
Persistent link: https://www.econbiz.de/10010528578