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Labor mobility, trade and social capital
Schiff, Maurice W. (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001926800
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Labour market institutions and inflation differentials in the EU
D’Adamo, Gaetano; Rovelli, Riccardo - 2015
associated with significant differences in the response of inflation to unemployment and exchange rate shocks. More wage … coordination and higher union density flatten the Phillips curve and increase the inflation response to the real exchange rate, i …
Persistent link: https://www.econbiz.de/10011347315
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2005
employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …
Persistent link: https://www.econbiz.de/10003227218
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Labor market institutions and the response of inflation to macro shocks in the EU : a two-sector analysis
D'Adamo, Gaetano; Rovelli, Riccardo - 2013
We model empirically the role of labor market institutions in affecting the response of inflation to labor market and …-country differences in inflation adjustment for the "sheltered" (non-trading) sector; the effects in the "exposed" (trading) sector are …) flatten the Phillips curve in both sectors. More active LM policies also reduce the persistence of inflation. However, but …
Persistent link: https://www.econbiz.de/10010128820
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic productivity shocks for new contacts. Large negative...
Persistent link: https://www.econbiz.de/10011455340
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The cyclicality of labor market flows : a multiple-shock approach
Hairault, Jean-Olivier; Zhutova, Anastasia - 2014
In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends on a type of structural shocks. Identified using a sign...
Persistent link: https://www.econbiz.de/10010417964
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Endogenous labor market participation and the business cycle
Häfke, Christian (contributor); Reiter, Michael (contributor) - 2006
Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a simple, tractable job market matching model, show...
Persistent link: https://www.econbiz.de/10003297703
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The cyclical behaviour of employers' monopsony power and workers' wages
Hirsch, Boris; Jahn, Elke J.; Schnabel, Claus - 2013
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using German administrative linked employer-employee data for the years 1985-2010 and an estimation framework based on duration models, we construct a time series of the firm-level...
Persistent link: https://www.econbiz.de/10010222161
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Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence
Merkl, Christian; Stüber, Heiko - 2017
Using the new AWFP dataset that covers all German establishments, we document a substantial cross-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are procyclical, there is a large fraction of establishments with...
Persistent link: https://www.econbiz.de/10011735900
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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 economic outcomes, including unemployment. In this paper, we examine the role of two key labour market institutions - collective bargaining and temporary contracts - upon wage...
Persistent link: https://www.econbiz.de/10014486321