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Zimmermann, Klaus F. - 2018

Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....

Persistent link: https://www.econbiz.de/10012131008

Unemployment transitions and the role of minimum wage : from pre-crisis to crisis and recovery

Andriopoulou, Eirini; Karakitsios, Alexandros - 2021

During the last decade, unemployment in Greece climbed up to 28%, almost quadrupling due to the economic crisis that … hit Greece. In the present paper, we examine the determinants of the unemployment dynamics and the impact of the minimum … wage on the probability of making a transition into and out of unemployment. We use micro-level data from the Greek Labour …

Persistent link: https://www.econbiz.de/10012622888

Beyond technological explanations of employment polarisation in Spain

Sebastian, Raquel; Harrison, Scott - 2017

This paper presents new evidence on the evolution of job polarisation over time and across skill groups in Spain between 1994 and 2008. Spain has experienced job polarisation over the whole period, with growth at the upper part of the wage distribution always exceeding that in the lower part....

Persistent link: https://www.econbiz.de/10012129826

Technological change and occupation mobility : a task-based approach to horizontal mismatch

Aepli, Manuel - 2019

Technological change and its impacts on labour markets are a much-discussed topic in economics. Economists generally assume that new technology penetrating the labour market shifts firms' task demand. Given individuals' acquired and supplied skills, these task demand shifts potentially foster...

Persistent link: https://www.econbiz.de/10012152214

Wage and employment cyclicalities at the establishment level

Merkl, Christian; Stüber, Heiko - 2023

Although the quantitative relationship between employment cyclicality and wage cyclicality is central for the dynamics of macroeconomic models, there is little empirical evidence on this topic. We use the German AWFP dataset to document that wage cyclicalities are very heterogeneous across...

Persistent link: https://www.econbiz.de/10014432211