Similar Search Results

Minimum wage or negative income tax : why skilled workers may favor wage rigidities

Bacache-Beauvallet, Maya (contributor); … - 2005

This article studies the political choice over the extent and the means of income redistribution between high and low skilled workers. Redistributive tools encompass fiscal transfers with negative income tax and minimum wage. Using fiscal instruments only is assumed optimal. We show that high...

Persistent link: https://www.econbiz.de/10002764234

Downward wage rigidity and labour mobility

Cornelißen, Thomas (contributor); Hübler, Olaf (contributor) - 2005

Using data from the German Socio-Economic Panel (GSOEP) effects of being individually affected by downward wage rigidity on layoffs, quits and intra-firm mobility are investigated. We measure the individual extent of wage rigidity within a structural empirical model that allows us to estimate...

Persistent link: https://www.econbiz.de/10002691022

Downward nominal wage flexibility : real or measurement error?

Gottschalk, Peter (contributor) - 2004 - [Elektronische Ressource]

This paper presents a new method to correct for measurement error in wage data and applies this method to address an old question. How much downward wage flexibility is there in the U.S? We apply standard methods developed by Bai and Perron (1998b) to identify structural breaks in time series...

Persistent link: https://www.econbiz.de/10002429509

Are wages in Southern Europe more flexible? : The effects of cohort size on European earnings

Brunello, Giorgio (contributor); … - 2004 - [Elektronische Ressource]

We exploit the cross-country and time variation in the demographics and education structure in 11 European countries to study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size has a negative and statistically significant effect...

Persistent link: https://www.econbiz.de/10002265155

Downward nominal wage rigidity in Europe : an analysis of European micro data from the ECHP 1994 - 2001

Knoppik, Christoph (contributor); … - 2005

This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn's (1997) histogram-location approach and apply it to...

Persistent link: https://www.econbiz.de/10002617993

Real and nominal wage rigidities and the rate of inflation : evidence from West German micro data

Bauer, Thomas K. (contributor); Bonin, Holger (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001869625

Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation

De Walque, Gregory; Pierrard, Olivier; Sneessens, Henri; … - 2009

period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence …. The closer to zero this parameter, (i) the more firms adjust on the intensive margin, reducing employment volatility, (ii … the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; search and matching ; nominal …

Persistent link: https://www.econbiz.de/10003824877

Selective reductions in labor taxation : labor market adjustments and macroeconomic performance

Batyra, Anna; Sneessens, Henri R. - 2010

We use a calibrated general equilibrium model with heterogeneous labor and search to evaluate the quantitative effects of various labor tax cut scenarios. The focus is on skill heterogeneity combined with downward wage rigidities at the low end of the skill ladder. Workers can take jobs for...

Persistent link: https://www.econbiz.de/10003976931

Some evidence on the importance of sticky wages

Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010

Nominal wage stickiness is an important component of recent medium-scale structural macroeconomic models, but to date there has been little microeconomic evidence supporting the assumption of sluggish nominal wage adjustment. We present evidence on the frequency of nominal wage adjustment using...

Persistent link: https://www.econbiz.de/10003985883

Fairness considerations in labor union wage setting : a theoretical analysis

Strifler, Matthias; Beissinger, Thomas - 2012

We consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate wage-setting curve depend on the weight...

Persistent link: https://www.econbiz.de/10009581363