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due to nominal, but mostly real wage rigidity is substantial. The extent of real rigidity rises with inflation, whereas …, is most likely minimized in an environment with moderate inflation …
Persistent link: https://www.econbiz.de/10013319593
We use longitudinal data from the 1984 through 2007 waves of the Panel Study of Income Dynamics to examine how occupational status is related to the health transitions of 30 to 59 year-old U.S. males. A recent history of blue-collar employment predicts a substantial increase in the probability...
Persistent link: https://www.econbiz.de/10013129939
We estimate the causal effect of early retirement on mortality for blue-collar workers. To overcome the problem of endogenous selection, we exploit an exogenous change in unemployment insurance rules in Austria that allowed workers in eligible regions to withdraw from the workforce up to 3.5...
Persistent link: https://www.econbiz.de/10013138486
Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create moral hazard problems for firms, leading to the...
Persistent link: https://www.econbiz.de/10013119733
This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...
Persistent link: https://www.econbiz.de/10013155584
We estimate the causal effect of permanent and premature exits from the labor force on mortality. To overcome the problem of negative health selection into early retirement, we exploit a policy change in unemployment insurance rules in Austria that allowed workers in eligible regions to exit the...
Persistent link: https://www.econbiz.de/10012909970
This paper examines the impact of the COVID-19 pandemic on employment and respiratory health for remote workers (i.e. those who can work from home) and non-remote workers in the United States. Using a large, nationally-representative, high-frequency panel dataset from March through July of 2020,...
Persistent link: https://www.econbiz.de/10012824996
This paper examines how the effort choices of workers within the same firm interact with each other. In contrast to the existing literature, we show that workers can affect the productivity of their co-workers based on income maximization considerations, rather than relying on behavioral...
Persistent link: https://www.econbiz.de/10013316784
We investigate whether the costs of job displacement differ between blue collar and white collar workers. In the short run earnings and employment losses are substantial for both groups but stronger for white collar workers. In the long run, there are only weak effects for blue collar workers...
Persistent link: https://www.econbiz.de/10013325049
" – although they generate price inertia, they cannot account for thestylised fact of inflation persistence. It is thus commonly … asserted that, in the context of thenew Phillips curve (NPC), inflation is a jump variable... …
Persistent link: https://www.econbiz.de/10005863257