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The nature of household labor income risk

Pruitt, Seth; Turner, Nicholas - 2018

What is the nature of labor income risk facing households? We answer this question using detailed administrative data on household earnings from the U.S. Internal Revenue Service. By analyzing total household labor earnings as well as each member's earnings, we offer several new findings. One,...

Persistent link: https://www.econbiz.de/10011932201

The cyclical behavior of unemployment and wages under information frictions

Morales-Jimenez, Camilo - 2017

higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment … explains 70% of unemployment volatility …

Persistent link: https://www.econbiz.de/10011709249

A dynamic heterogeneous labour demand model for German manufacturing

Falk, Martin; Koebel, Bertrand M. - 2000

This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...

Persistent link: https://www.econbiz.de/10011444593

Offshoring and labor income risk

Hogrefe, Jan; Yao, Yao - 2012

This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large number of studies explaining the level effects of globalization on the labor market in that it takes a look at effects on second moments, i.e. the variance of incomes. It provides...

Persistent link: https://www.econbiz.de/10009521124

Employment and wage effects of social security financing : an empirical analysis of the West German experience and some policy simulations

Steiner, Viktor - 1996

This paper follows up recent work on the relationship between (un-)employment and wage effects of social security …

Persistent link: https://www.econbiz.de/10011439693

Immigration and heterogeneous labor in Western Germany : a labor market classification based on nonparametric estimation

Frölich, Markus; Puhani, Patrick A. - 2002

workers in service occupations are identified to exhibit rising unemployment due to wage rigidities and are therefore not …

Persistent link: https://www.econbiz.de/10011447106

On the identification of relative wage rigidity dynamics : a proposal for a methodology on cross-section data and empirical evidence for Poland in transition

Puhani, Patrick A. - 2000

relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …

Persistent link: https://www.econbiz.de/10011445051

The wage curve and the Phillips curve

Roberts, John M. - 1997

Persistent link: https://www.econbiz.de/10000651471

New insights on unemployment duration and post unemployment earnings in Germany : censored box-cox quantile regression at work

Fitzenberger, Bernd (contributor); … - 2007

periods and the size of unemployment benefits on unemployment durations and post{unemployment earnings in West Germany. For … the unemployment duration, we estimate censored Box{Cox quantile regression, which is robust with respect to the … the length of benefit entitlement is only of minor importance for the duration of search unemployment and for post …

Persistent link: https://www.econbiz.de/10003435417

The pecuniary and non-pecuniary costs of job displacement : the risky job of being back to work

Leombruni, Roberto; Razzolini, Tiziano; Serti, Francesco - In: European economic review : EER 61 (2013), pp. 205-216

Persistent link: https://www.econbiz.de/10009762363