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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
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Downward real wage rigidity and equal treatment wage contracts : theory and evidence
Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018
they joined the establishment from unemployment This is supportive of equal treatment. We also show that a four parameter … series properties and co-properties of real wages, output, and unemployment, in particular the asymmetric response of wages …
Persistent link: https://www.econbiz.de/10011855567
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Collective bargaining systems and macroeconomic and microeconomic flexibility : the quest for appropriate institutional forms in advanced economies
Addison, John T. - 2015
This paper addresses the design of the machinery of collective bargaining from the perspective of the needs of microeconomic and macroeconomic flexibility. In the former context, greater attention is given over to enterprise flexibility than external adjustment. In the latter context, close...
Persistent link: https://www.econbiz.de/10011408196
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Wage floor rigidity in industry-level agreements : evidence from France
Fougère, Denis; Gautier, Erwan; Roux, Sébastien - 2018
This paper examines empirically the dynamics of wage floors defined in industry-level wage agreements in France. It also investigates how industry-level wage floor adjustment interacts with changes in the national minimum wage (NMW hereafter). For this, we have collected a unique dataset of...
Persistent link: https://www.econbiz.de/10011913448
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The asymmetric effect of wage floors : a natural experiment with a rising and falling minimum wage
Huet-Vaughn, Emiliano; Piqueras, Jon - 2023
Exploiting a unique natural experiment,we showthe asymmetric effects of a large increase and an equivalent subsequent decrease to a binding minimum wage. Wages in a leading low-wage industry increase as the minimumwage rises, but do not fall when it is lowered. This boost for low-wage workers'...
Persistent link: https://www.econbiz.de/10014445444
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Evolving wage cyclicality in Latin America
Gambetti, Luca; Messina, Julián - 2017
, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period …
Persistent link: https://www.econbiz.de/10011636567
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The minimum wage from a two-sided perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010369825
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The short-run effects of the minimum wage on employment and labor market participation : evidence from an individual-level panel
Boffy-Ramirez, Ernest - 2019
advantage of individual-level longitudinal data to observe the impacts of minimum wage changes on unemployment and labor force … determines unemployment and labor force participation. Specifically, the empirical strategy controls any fixed individual … increase in unemployment immediately following a minimum wage increase. In addition, it does not appear that employers are …
Persistent link: https://www.econbiz.de/10011978325
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Estimating the effect of an increase in the minimum wage on hours worked and employment in Ireland
McGuinness, Séamus; Redmond, Paul - 2018
On the 1st of January 2016 the Irish National Minimum Wage increased from €8.65 to €9.15 per hour, an increase of approximately six percent. We use a difference-in-differences estimator to evaluate whether the change in the minimum wage affected the hours worked and likelihood of job loss of...
Persistent link: https://www.econbiz.de/10011880306
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Staggered contracts and unemployment during recessions
Adamopoulou, Effrosyni; Díez-Catalán, Luis; … - 2022
This paper studies the impact of downward wage rigidity on wage dynamics and employment flows after the outbreak of major recessions over the last 30 years in Spain. Downward wage rigidity stems from collective agreements, which set province-industry-skill specific minimum wage floors for all...
Persistent link: https://www.econbiz.de/10013471360