Showing 1 - 10 of 191
Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...
Persistent link: https://www.econbiz.de/10013158513
all workers, a wage-productivity elasticity of 1.2, slightly above the one-for-one response predicted by the Mortensen …
Persistent link: https://www.econbiz.de/10013159514
wage practices. We propose a simpler and more relevant approach ヨ use matched employer/employee longitudinal data to … unemployment rate is one percentage point lower. Like most recent evidence on other aspects of wage cyclicality, our results …
Persistent link: https://www.econbiz.de/10013147558
This paper presents evidence that real wage cyclicality can be a particularly heterogeneous parameter, depending on …
Persistent link: https://www.econbiz.de/10013316914
There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of … empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity … have been hampered by small samples and measurement error. In this paper we examine nominal wage flexibility in Ireland …
Persistent link: https://www.econbiz.de/10013071751
This study analyzes real wage cyclicality for male full-time workers within employer-employee matches in Germany over … the period 1984-2004. Five different wage measures are compared: the standard hourly wage rate; hourly wage earnings … including overtime and bonus pay; the effective wage, which takes into account unpaid overtime; and monthly earnings, with and …
Persistent link: https://www.econbiz.de/10013129932
of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working … persistently affected, but the penalty on the hourly wage (and earnings) increases with experience, and attains roughly -6% ten …
Persistent link: https://www.econbiz.de/10013026416
model that is able to replicate these facts and thereby allows us to run counterfactual exercises. When we set the wage …
Persistent link: https://www.econbiz.de/10012946571
differential wage responses to economic shocks. We offer three explanations for these findings: An equilibrium search model, where …
Persistent link: https://www.econbiz.de/10013155564
This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched … employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials … differentials are persistent and no particular downward or upward trend is observed. However, the dispersion of inter-industry wage …
Persistent link: https://www.econbiz.de/10013324771