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wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and … unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences …
Persistent link: https://www.econbiz.de/10014396186
We study how the distribution of earnings growth evolves over the business cycle in Italy. We distinguish between two sources of annual earnings growth: changes in employment time (number of weeks of employment within a year) and changes in weekly earnings. Changes in employment time generate...
Persistent link: https://www.econbiz.de/10011852672
aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without …
Persistent link: https://www.econbiz.de/10014399867
Labor market informality is a pervasive feature of most developing economies. Motivated by the empirical regularity that the labor informality rate falls with GDP per capita, both at business cycle frequency and in a cross-section of countries, and that the Okun's coefficient falls with the...
Persistent link: https://www.econbiz.de/10012392626
The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...
Persistent link: https://www.econbiz.de/10011436800
, period, and cohort effects for the likelihood of employment in different occupations and the wages earned therein over 2001 … relative to high-paying abstract jobs. However, cohort effects also underpin falling wages for post-1980 cohorts across all …
Persistent link: https://www.econbiz.de/10013170024
Lagging labor reallocations outside agriculture amid sustained low agricultural productivity have been a key feature in the Philippines over the past 15 years. An analysis of the labor adjustments in and out of agriculture shows that a variety of factors have influenced this process. We find...
Persistent link: https://www.econbiz.de/10012796816
-15 Current Population Survey, I find that the drawn-out cyclical labor market repair-likely owing to low entry wages of new … workers-slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages …
Persistent link: https://www.econbiz.de/10011711569
, an increase in government wages or benefits reduces private sector employment, and government employment is not an …
Persistent link: https://www.econbiz.de/10014403794
This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U ….S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all …
Persistent link: https://www.econbiz.de/10014398207