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Some Evidence on the Importance of Sticky Wages
Barattieri, Alessandro - 2010
consumer price inflation rate …
Persistent link: https://www.econbiz.de/10013141226
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Productivity Growth and the Phillips Curve : A Reassessment of the US Experience
Karanassou, Marika - 2009
the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical … and inflation, while the monetary expansion was quite ineffective and led mainly to higher inflation. Finally, the …
Persistent link: https://www.econbiz.de/10013158034
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The Evolution of Inflation and Unemployment : Explaining the Roaring Nineties
Karanassou, Marika - 2007
This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties …
Persistent link: https://www.econbiz.de/10012776513
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Search Frictions on Product and Labor Markets : Money in the Matching Function
Lehmann, Etienne - 2007
not efficient. Inflation is detrimental to unemployment …
Persistent link: https://www.econbiz.de/10012777086
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Wage Rigidity and Disinflation in Emerging Countries
Messina, Julian - 2011
more pronounced; and (ii) in Brazil, the introduction of inflation targeting by the Central Bank in 1999 shifts the focal … point of wage negotiations from changes in the minimum wage to expected inflation. These regime changes cast doubts on the …
Persistent link: https://www.econbiz.de/10013123588
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Wage Posting or Wage Bargaining? Evidence from the Employers' Side
Brenzel, Hanna - 2013
Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...
Persistent link: https://www.econbiz.de/10013074896
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Sibling Spillover in Rural China : A Story of Sisters and Daughters
Bansak, Cynthia - 2020
We find a strong positive sibling spillover effect in two-children households in rural China, as measured by an increase in the Chinese and Math test scores of elder siblings when their younger sibling starts school. We use the Chinese Law of Compulsory Education as an exogenous variation in the...
Persistent link: https://www.econbiz.de/10012837315
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Labor Income Share at the Firm Level : Global Trends
Paul, Saumik - 2020
Micro-level studies provide insightful knowledge on the drivers of the labor income share. This paper introduces a novel firm-level dataset on the labor income share. Using the World Bank Enterprise Survey data, we put together an unbalanced panel comprising 146,666 firms from 139 countries and...
Persistent link: https://www.econbiz.de/10012844819
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Calvo Wages in a Search Unemployment Model
Bodart, Vincent - 2007
RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in actual economies by imposing full real wage rigidity. We...
Persistent link: https://www.econbiz.de/10012777980
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Some Surprising Facts About Working Time Accounts and the Business Cycle
Balleer, Almut - 2015
Working time accounts (WTAs) allow firms to smooth hours worked over time. This paper analyzes whether this increase in flexibility has also affected how firms adjust employment in Germany. Using a rich microeconomic dataset, we show that firms with WTAs show a similar separation and hiring...
Persistent link: https://www.econbiz.de/10013026415