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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
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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 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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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
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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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Low wage returns to schooling in a developing country : evidence from a major policy reform in Turkey
Aydemir, Abdurrahman; Kirdar, Murat G. - 2015
In this paper, we estimate the returns on schooling for young men and women in Turkey using the exogenous and substantial variation in schooling across birth-cohorts brought about by the 1997 reform of compulsory schooling. We estimate that among 18- to 26-year-olds, the return from an extra...
Persistent link: https://www.econbiz.de/10011309044
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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
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Employment verification mandates and the labor market outcomes of likely unauthorized and native workers
Amuedo Dorantes, Catalina; Bansak, Cynthia - 2013
impact that the enactment of various types of E-verify mandates may have on the employment and wages of these two populations … likelihood of native workers. Impacts on wages are positive for likely unauthorized women suggesting a large labor supply … reduction. For native-born workers, hourly wages also increase and provide some evidence of substitutability of unauthorized …
Persistent link: https://www.econbiz.de/10009753850
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Bullying at school and labour market outcomes
Drydakis, Nick - 2013
labour force participation, employment rate and hourly wages are negatively affected by bullying. In addition, men … wages. Moreover, Oaxaca-Blinder decompositions suggest that labour force participation gaps, employment gaps and hourly wage … the labour market and lower wages. …
Persistent link: https://www.econbiz.de/10009754885